How Should Researchers and Reviewers Accept Statistical Significance

question 1

Multiple Choice

How should researchers and reviewers accept statistical significance?

• A) With the belief that statistically significant results are the final word
• B) With the cautious regard for how results might apply to practice
• C) With the view that careful appraisal is needed to apply results to theory
• D) With the idea that additional testing is not necessary

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Definitions:

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce availability to others.

Government Provision

Public goods and services provided by the government for the benefit of its citizens.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of a good or service.

Cost-Benefit Analysis

An economic evaluation method that compares the relative costs and benefits associated with a proposed project or decision.