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Asked Dec 20, 2019
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Statistical Significance Versus Practical Significance When testing a new treatment, what is the difference between statistical significance and practical significance? Can a treatment have statistical significance, but not practical significance?

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The statistical significance can...

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Statistical significance: When the result obtained in the study, is very unlikely to occur just by chance alone; then, statistical significance is achieved. The general criterion for statistical significance is the likelihood of an event occurring just by chance is 5% or less. When a treatment is tested, the statistical significance gives the conclusion of how the treatment is unlikely to be effective just by chance alone.

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