Explain the notions of mathematical differences.

1. Explain the notions of mathematical differences, managerially important differences, and statistical significance. Can results be statistically significant and yet lack managerial importance. Explain your
answer.
2. Describe the steps in the procedure for testing hypotheses. Discuss the difference between a null hypothesis and an alternative hypothesis.
3. What purpose does a scatter diagram serve?

Guidelines:

1. Paper must be in APA 6th or 7th edition format
2. Paper must be double spaced and include a title page
3. Paper must be 2-3 pages excluding the title and reference pages

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