Write 3-4 Sentences Explaining the Difference Between Statistical and Practical

Essay

Write 3-4 sentences explaining the difference between statistical and practical significance,including the description of a scenario (either hypothetical or one you learned about in this course)in which you could have statistical but not practical significance.In your answer,make it clear how your example demonstrates statistical and practical significance as well as the reason to be cautious about findings that are statistically,but not practically,significant.