When any observed difference in findings is large enough that it is unlikely to have occurred due to mere chance, it is
A) statistically significant
B) managerially significant
C) both statistically and managerially significant

Question

Quizplus · Accepted Answer

Statistically significant means that the difference observed is unlikely to have occurred due to chance. Managerially significant, on the other hand, refers to whether the observed difference is meaningful and relevant to the decision-making process. While both types of significance are important, the question specifically asks about statistical significance.

When Any Observed Difference in Findings Is Large Enough That