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Importance and meaning for statistical significance

Discuss the concept of statistical significance, including your understanding of what it means, why it is important, and how it can be used.

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Statistical significance means that it is probably true and this is not due to chance. Somehow, statistical significance has nothing do with importance. For example, if this research results are statistically significant, it doesn't mean the results are highly important.

Significance levels could let me know how likely a result ...

Solution Summary

The solution provides detailed explanation regarding importance and meaning for statistical significance.