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Statistical significance is a method used to ascertain if the observed outcomes are attributable to random chance or are more likely to be genuine. Tenny
Statistical significance is a method used to ascertain if the observed outcomes are attributable to random chance or are more likely to be genuine. Tenny defines statistical significance as the quantification of the likelihood that the null hypothesis is correct, taking into account the allowable amount of uncertainty in determining the response. Tenny (2022) Statsig enables researchers to have a high level of confidence that the observed effects are genuine and not merely random fluctuations. Statistically significant outcomes are defined as those with a p-value less than 0.05 (p<0.05). If the p-value is greater than or equal to 0.05, it is probable that the results occurred due to random chance. This method provides an excellent means of assessing the reliability of findings and deriving significant inferences from data
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