Many bankers hear the term “Statistical Significance” but don’t know what it means and how it is relevant to potential fair lending violations. Typically, when an examiner is evaluating if a bank is ...

Significance testing, as described in most textbooks, consists in fixing a standard significance level $\alpha$ such as .01 or .05 and rejecting the hypothesis ...

In science, the success of an experiment is often determined by a measure called “statistical significance.” A result is considered to be “significant” if the difference observed in the experiment ...

It’s too often misused and misunderstood. by Amy Gallo When you run an experiment or analyze data, you want to know if your findings are “significant.” But business relevance (i.e., practical ...

The 'Statement on Statistical Significance and P-Values' includes six principles underlying the proper use and interpretation of the p-value and is intended to improve the conduct and interpretation ...

When was the last time you heard a seminar speaker claim there was ‘no difference’ between two groups because the difference was ‘statistically non-significant’? If your experience matches ours, there ...