Distinguish between Statistical Significance and Practical Significance
-True or False: Results that are statistically significant are always practically significant.
A) False
B) True

Question

Quizplus · Accepted Answer

Statistical significance refers to the likelihood that a result is not due to chance, based on a statistical test, while practical significance considers whether the size of the effect is large enough to be of interest in real-world applications. A result can be statistically significant without being practically significant if the effect size is too small to matter in practical scenarios.

Distinguish Between Statistical Significance and Practical Significance