Statistical significance does not always imply practical or meaningful significance.

Name: Statistical significance does not always imply practical or meaningful significance.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Statistical significance only indicates that the result is unlikely due to chance, but it does not necessarily mean that the result is important or has a practical impact. Practical significance takes into account the magnitude and relevance of the effect observed.

Statistical Significance Does Not Always Imply Practical or Meaningful Significance