How can you use power analysis to justify your sample size to reviewers?
In the realm of Business Intelligence (BI), making informed decisions about the size of your sample is crucial. When you're presenting your research or findings, reviewers often scrutinize the sample size to ensure that the results are statistically significant and representative of the larger population. This is where power analysis comes into play. It's a method that allows you to determine the minimum sample size required to detect an effect of a given size with a certain degree of confidence. By using power analysis, you can provide a solid justification for your sample size, which is especially important when resources are limited or when you're working with a difficult-to-reach population.