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Science Magazinehas recentlypublished a proposal to raise the standard for statistical significance in research studies . They want researchers to dump the long-standing use of
Science Magazinehas recentlypublished a proposal toraise the standard for statistical significance in research studies. They want researchers to dump the long-standing use of a probability value (p-value) of less than 0.05 as the gold standard for significant results, and replace it with the much stiffer p-value threshold of 0.005. Read the article and discuss the prosand cons of alpha = 0.05 versus alpha = 0.005; what do you think the 'default' valueof alpha should be?
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