The term "statistically significant" simply means that the probability of an event isn't due to a chance and you can feel confident that’s it real, not that you just got lucky. So, when the next time you hear someone saying that a result is statistically significant, you can be "almost" sure that thRead more
The term “statistically significant” simply means that the probability of an event isn’t due to a chance and you can feel confident that’s it real, not that you just got lucky. So, when the next time you hear someone saying that a result is statistically significant, you can be “almost” sure that the results that they observed are reliable. Notice that I have quoted the word ‘almost’ in the previous statement, that’s because statistical significance is based on several parameters:
The confidence level
Your sample size
Lastly, the statistical significance of the results of an experiment is often calculated with hypothesis testing, which tests the validity of a hypothesis by figuring out the probability that your results have happened by chance.
Statistical significant difference
Prasad Valse
The term "statistically significant" simply means that the probability of an event isn't due to a chance and you can feel confident that’s it real, not that you just got lucky. So, when the next time you hear someone saying that a result is statistically significant, you can be "almost" sure that thRead more
The term “statistically significant” simply means that the probability of an event isn’t due to a chance and you can feel confident that’s it real, not that you just got lucky. So, when the next time you hear someone saying that a result is statistically significant, you can be “almost” sure that the results that they observed are reliable. Notice that I have quoted the word ‘almost’ in the previous statement, that’s because statistical significance is based on several parameters:
Lastly, the statistical significance of the results of an experiment is often calculated with hypothesis testing, which tests the validity of a hypothesis by figuring out the probability that your results have happened by chance.
See less