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Statistical Significance versus Practical Significance
Chapter 1, Problem 1BSC(choose chapter or problem)
Problem 1BSC
Statistical Significance versus Practical Significance What is the difference between statistical significance and practical significance? Can a statistical study have statistical significance, but not practical significance?
Questions & Answers
QUESTION:
Problem 1BSC
Statistical Significance versus Practical Significance What is the difference between statistical significance and practical significance? Can a statistical study have statistical significance, but not practical significance?
ANSWER:
Answer :
Step 1 of 1 :
Statistical significance : is the likelihood that a relationship between two or more variables is caused by something other than random chance. Statistical hypothesis testing is used to determine whether the result of a data set is statistically significant.
Practical significance : the res