Question

Are all statistically significant findings meaningful? Provide a hypothetical example of a situation where a finding...

Are all statistically significant findings meaningful? Provide a hypothetical example of a situation where a finding is statistically significant, but not substantively important.

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Answer #1

Answer :

No, not all statiscally significant findings are meaningful because some statistical results do not provide justification to the actual situation and hence are substantively unimportant.

A hypothetical example to explain the above statement:

A hypothetical example of a situation could be the statistical finding of one new and improved computer over another. The new computer improved the company's efficiency to work. However, the cost of affording the new computer will increase as compared to earlier cost. Thus, the result is proved to be statistically significant but substantively unimportant.

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