answersLogoWhite

0

The connotation 'statistical significance' takes into account the number of samples as well level of confidence in making a conclusion based on these samples. The level of confidence is typically denoted as 1-alpha (1 minus alpha), where alpha is basically the chance that the reported conclusion will incorrect. The most popular level of confidence is 95%, which coincides with a 5% alpha, meaning that when one makes a conclusion based on a particular sample, there is a 5% chance of a false or incorrect conclusion.

User Avatar

Wiki User

15y ago

Still curious? Ask our experts.

Chat with our AI personalities

MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine
DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao

Add your answer:

Earn +20 pts
Q: What is the relationship between levels of confidence and statistical significance?
Write your answer...
Submit
Still have questions?
magnify glass
imp