Which of the following statements is true?
A)Practical significance is more important than statistical significance.
B)Statistical significance is more important than practical significance.
C)Both practical and statistical significance are of equal importance.
D)None of the above

Question

Quizplus · Accepted Answer

Both practical and statistical significance are important in research and data analysis. Statistical significance helps determine if an observed effect is likely due to chance, while practical significance addresses whether the effect size is large enough to be of real-world importance.

Which of the Following Statements Is True