It Is Possible for a Study to Have Statistically Significant

question 4

True/False

It is possible for a study to have statistically significant results but a small effect size.

---

Definitions:

Cost

The value of everything that is consumed to produce a good or service, including materials, labor, and other expenses.

Competitive Firm

A business that operates in a market where it must compete with other firms for the same customers or resources.

Profit Maximizing

A strategy or process aimed at achieving the highest possible profit from business operations.

Technology Improvement

Enhancements or advancements in technology that lead to more efficient processes or better quality outcomes.