When is practical significance often valued over statistical significance?
A) In quantitative studies
B) In clinical trials
C) When observed effects are extremely valuable
D) Both b and c

Question

Quizplus · Accepted Answer

Practical significance is often valued over statistical significance in scenarios where the real-world impact or utility of the findings is more important than just proving the effect exists statistically. This is particularly true in clinical trials where the effectiveness of a treatment can have significant implications for patient care (B), and in situations where the observed effects, even if small, are extremely valuable or meaningful in the real-world context (C).

When Is Practical Significance Often Valued Over Statistical Significance