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Portable Network Graphic  |  1994-04-29  |  77KB  |  816x1056  |  8-bit (255 colors)
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OCR: The Least Significant Value (LSV) Often after ar hypothesis test performed you wish to know how sensitive the test Said another way you want tc know how small an effect would be declared significal some -value alpha The LSV provides significance measuring stick on the scale of parameter rather than on probability scale 11 shows how sensitive the design and are encourages proper statistical intuition concerning the null hypothesis highlighting how small value would be detected as significant by the data. The LSV the foll lowing characteristics -Compare the absolute value of the parameter estimate to the LSV.If the absolute parameter estimate bigger significantly different from zero. If the LSV i bigger, the parameter not significantly different from zero. The LSV IS the value that the param ...