Which of the following best describes power analysis in research?

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Study for the Peregrine MBA Exam. Test your knowledge with flashcards and multiple choice questions, each with explanations. Get ready for your MBA exam!

Power analysis is a key statistical technique used primarily in the planning stages of research, particularly when determining the appropriate sample size necessary to detect an effect if one exists. This process involves calculating the minimum number of participants required to achieve a certain statistical power level, typically set at 0.80, which means that there is an 80% chance of correctly rejecting a false null hypothesis. By calculating power, researchers can ensure that their study is adequately equipped to identify meaningful effects, thereby minimizing the risk of Type II errors, where a true effect is overlooked.

The concept of power analysis is critical because it directly affects the reliability and validity of the research findings. A sample size that is too small may fail to detect an effect that is actually present, while a sample size that is unnecessarily large may waste resources. Thus, the correct answer highlights the fundamental role of power analysis in determining how many subjects are needed to achieve reliable results in a study.

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