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Statistical versus Practical Importance
Grade Level
Psychology
PSY.055 Statistical versus Practical Importance
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Which statement best describes how practical importance should be judged?
A
It depends only on whether the researcher likes the result.
B
It depends on the effect size, the outcome's value, costs, feasibility, and a meaningful benchmark.
C
It depends only on whether p is below.05.
D
It depends only on the number of decimal places in the report.
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