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What does it mean for the finding of a statistical analysis of data to be statistically significant?
Data is statistically significant if the p (probability) value is below a certain level (ex: 5% or 1%). The p value describes how often one would receive the results they got if left to chance alone. The lower the p value, the less likely it is that your results were due to chance and is stronger evidence against the null hypothesis. Also important to keep in mind is that just because something is statistically significant does not mean it is practically significant.
How many significant figures in the value 3028.0?
Five significant figures.
What is the significant figures of the number of 23.400?
There are five significant figures in the given value. It is according to the rule of significant figures which say that zeros right to the decimal point are significant and all non zero digits are significant So , all the digits in the given value are significant figures i.e 5 significant figures.
How many significant values does 1089 have?
It has 4 significant digits but only one value.
If it is statistically significant does that automatically mean it is managerially significant?
No, it is not.
