When any observed difference in findings is considered significant enough to influence management decisions, the difference is
A) statistically significant
B) managerially significant
C) both statistically and managerially significant

Question

Quizplus · Accepted Answer

While statistical significance indicates the likelihood that a finding occurred by chance, managerial significance relates to practical importance and whether the finding has practical implications for managerial decision-making. Therefore, when a finding is significant enough to influence management decisions, it is managerially significant, regardless of whether it meets statistical significance criteria.

When Any Observed Difference in Findings Is Considered Significant Enough