Question 5 (twenty marks) (a) How does the law of small numbers affec...

Question 5. (twenty marks) (a) How does the â€˜law of small numbersâ€™ affect the interpretation of data?...

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Psychology

Question 5. (twenty marks)
(a) How does the â€˜law of small numbersâ€™ affect theinterpretation of data? (six marks, maximum 100 words)
(b) Two alternatives to buffer against psychological frailtiesin the interpretation of data are â€¢ use of a specified p-value forthe Type I error rate (typically 0.05), or â€¢ routine use ofconfidence intervals. Which of these two alternatives is better inyour opinion? Why? (twelve marks, maximum 250 words)
(c) A p-value is the probability of observing a particular dataset given a hypothesis, Pr (data | hypothesis). Bayesianstatisticians use Bayesâ€™ theorem and prior information to calculatea different quantity. Describe the quantity Bayesian statisticiansuse, in one sentence. (two marks)

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A the law of small numbers refers to a cognitive bias of generalising a set of findings based on a small sample as true for a large set of scores or population It is also called hasty generalisation in statistics as one may derive a broad and rushed conclusion from insufficient See Answer

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