P-Value Math Example 4

Follow the full solution, then compare it with the other examples linked below.

Example 4

hard
Study A: n=50n=50, p=0.04p=0.04, effect size d=0.15d=0.15 (tiny). Study B: n=10n=10, p=0.06p=0.06, effect size d=0.8d=0.8 (large). Discuss which study's result is more practically meaningful and why we shouldn't rely solely on p-values.

Solution

  1. 1
    Study A: significant at ฮฑ=0.05 but effect size d=0.15 is trivially small โ€” large n detected an unimportant difference
  2. 2
    Study B: not significant but d=0.8 is a large effect โ€” small n had insufficient power to detect a real, large effect
  3. 3
    Study B is more practically meaningful despite not being 'statistically significant'
  4. 4
    Lesson: p-value depends on both effect size AND sample size; always report both; significance โ‰  importance

Answer

Study B (large effect, underpowered) is more practically meaningful than Study A (trivial effect, large n).
This illustrates the critical importance of effect size alongside p-values. P-values conflate effect magnitude with sample size. With large enough n, even meaningless effects become 'significant.' Practical significance (effect size) must be evaluated separately from statistical significance.

About P-Value

The probability of observing a test statistic at least as extreme as the one computed from the sample data, assuming the null hypothesis H0H_0 is true.

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