A 'substantive significance of an estimate is assessed by its p value and confidence limits.

Question

Quizplus · Accepted Answer

The p-value assesses whether the observed data would be extreme if the null hypothesis were true, but it does not measure the size or importance of an effect. Confidence limits provide a range of values within which the true effect size is likely to fall, but they do not directly assess the substantive significance, which is more about the practical or real-world importance of the effect.

A 'Substantive Significance of an Estimate Is Assessed by Its