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What does 0.05 level of significance mean?

Julian Lee | 2023-06-17 06:56:23 | page views：1620
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Amelia Lee

Studied at the University of California, Berkeley, Lives in Berkeley, CA, USA.
The significance level for a given hypothesis test is a value for which a P-value less than or equal to is considered statistically significant. Typical values for are 0.1, 0.05, and 0.01. These values correspond to the probability of observing such an extreme value by chance.
2023-06-21 06:56:23
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Isabella Turner

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The significance level for a given hypothesis test is a value for which a P-value less than or equal to is considered statistically significant. Typical values for are 0.1, 0.05, and 0.01. These values correspond to the probability of observing such an extreme value by chance.
Tests of Significance
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