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Determining Statistical Significance How small would a p-value have to be in order for you to consider results statistically significant? Explain. (There is no correct answer! This is just asking for your personal opinion. We'll study this in more detail in the next section.)

Short Answer

Expert verified
In my opinion, a p-value would have to be less than 0.05 to be considered statistically significant. This is based on common scientific standards, where results with a p-value less than 0.05 are typically regarded as statistically significant and generally not likely to be due to chance alone.

Step by step solution

01

Understanding p-value

The p-value or calculated probability is the probability of finding the observed, or more extreme, results when a null hypothesis of a study question is true. In other words, it’s the evidence against a null hypothesis. The smaller the p-value, the stronger the evidence that you should reject the null hypothesis.
02

Considering Statistical Significance

Statistical significance helps quantify whether a result is likely due to chance or to some factor of interest. When a result is statistically significant, it means that it’s very unlikely to have occurred given the null hypothesis. More technically, it means that if the Null Hypothesis is true (which means there really is no effect), there’s a low probability of getting a result that large or larger.
03

Giving Personal Opinion

There is no universally accepted definition of what a small p-value would be, so we must give our opinion. Typically, if the p-value is less than 0.05, the result is considered statistically significant, meaning it's unlikely to have occurred by chance. Therefore, in accordance with this commonly accepted threshold, if the p-value is less than 0.05, it would be considered small and hence, the result would be considered statistically significant.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Statistical Significance
Statistical significance is a concept that tells us how sure we can be about a result we observe in our data. It's like our way of saying, "Is this finding something real or just a random fluke due to chance?"

Imagine you're flipping a coin, and you get heads five times in a row. You might start to wonder, "Is my coin biased, or was it just lucky?" Statistical significance can help us answer questions like these by providing a threshold. Generally, a common threshold is a p-value of less than 0.05. This threshold tells us that there's less than a 5% chance that the results we'd see were due to random chance alone if there was no actual effect at all. - When results are statistically significant: - They are unlikely to have happened by random chance. - They suggest that there's something more meaningful or systematic happening. - It's an indicator that we can feel more confident that the findings are reflecting something real.
Null Hypothesis
The null hypothesis is a foundational idea in statistics that acts as our starting point for testing. It's like making an initial assumption that there is "no effect" or "no difference."

Let's say we're testing if a new diet helps with weight loss. The null hypothesis would suggest that this new diet has no effect on weight—it assumes things are as they normally are with no special impact from the diet. We test the data to see if our observations strongly suggest otherwise.
- Components of null hypothesis testing: - **Assumption of No Effect**: It's a baseline assumption that there's nothing new or different. - **Testing Against Data**: We see if our collected data and observations align with this assumption. - **Objective**: To either find evidence that supports the null hypothesis or enough evidence to reject it. If the evidence we gather shows a low probability of observing such results given the null hypothesis, it leads us to reject it, indicating that something significant might be happening.
Probability
Probability is the mathematical language of uncertainty. It's a value that tells us how likely an event is to happen, ranging between 0 (impossible) and 1 (certain).

In the context of statistical testing, probability helps us quantify our uncertainty about events and hypotheses. For instance, when we use a p-value, we're referencing probability to decide whether to reject a null hypothesis.
- Key ideas about probability in statistics: - **Likelihood of Events**: Probability gives us a numerical measure of how likely an event is to occur. - **Connecting Outcomes and Hypotheses**: It helps connect potential outcomes (like data points) to broader hypotheses and assumptions. - **Critical in Decision-Making**: When testing hypotheses, probability guides our decision to accept or reject assumptions based on observed evidence. In statistical terms, understanding probability is key to making sense of p-values, interpreting results, and making informed decisions about the data and conclusions. By quantifying uncertainty, probability helps us to take informed actions based on varying degrees of evidence.

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Most popular questions from this chapter

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