Why is it important to assess the magnitude of the result whenever conducting a statistical test?
A) Because some relationships between variables are statistically significant, but the magnitude of the relationship is actually quite small
B) Because some correlations are spurious
C) Because the difference of means test cannot be used on two variables with nominal measurement
D) Because a higher coefficient always means that it will be statistically significant

Question

Quizplus · Accepted Answer

Assessing the magnitude of the result is important because a statistically significant result may have a very small effect size, meaning the practical significance or real-world impact of the relationship could be minimal.

Why Is It Important to Assess the Magnitude of the Result