Answer:
In a study of a weight loss program, 5 subjects lost an average of 50 lbs. It is found that there is about 28% chance of getting such results with a diet that has no effect.
Part A:
No, the program is not statistically significant because the results are likely to occur by chance.
Part B:
Yes, the program is practically significant because the amount of lost weight is large enough to be considered practically significant.