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 ...

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 ...

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

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 ...

It may be common knowledge that p < .05 indicates statistical significance. Psychology students (and others) are often taught that p < .05 means the probability (p) of rejecting the null hypothesis ...