A number, by itself, cannot be statistically significant. It is necessary to know what the underlying statistical distribution for that number is. That information can be obtained from knowledge of the statistical test being carried out.
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You buy a thousand lottery tickets (different numbers) and win nothing. That is statistically significant because the chances of that happening purely by chance are pretty slim. But if the lottery is operated properly, the result is not practically significant. There is nothing that can be done. Tough!
1.004-.016 = 0.988
It is 2/125.
2/125
0.016 = sixteen thousandths.