Many bankers hear the term “Statistical Significance” but don’t know what it means and how it is relevant to potential fair lending violations. Typically, when an examiner is evaluating if a bank is ...

The threshold for statistical significance is often set at 0.05, or 5%. When the p-value is less than or equal to 0.05, the result is considered statistically significant. This means there is a 5% (or ...

Among fields representing the epicenter of the replication crisis, they have a vested interest in abandoning statistical significance. While 2σ is a bit weak, if it can be replicated further ...

It’s too often misused and misunderstood. by Amy Gallo When you run an experiment or analyze data, you want to know if your findings are “significant.” But business relevance (i.e., practical ...

(Bloomberg Opinion) -- Did you know that gorging on dark chocolate accelerates weight loss? A study published in 2015 found that a group of subjects who followed a low-carbohydrate diet and ate a bar ...

Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. Norman Swan: Let's go to the second issue and a really big row that's brewing amongst medical ...

Statistical significance sets a convenient obstacle to unfounded claims. In my view, removing the obstacle (V. Amrhein et al. Nature 567, 305–307; 2019) could promote bias. Irrefutable nonsense would ...

From all my years in research and consulting, I think I’ve learned a thing or two about marketing worth sharing. Enduring fundamentals, mostly—yet often overlooked. So, over the course of my biweekly ...

Fans of The Hitchhiker’s Guide to the Galaxy know that the answer to life, the Universe and everything is 42. The joke, of course, is that truth cannot be revealed by a single number. Statistical ...