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There’s also a common trap where "significant" is used interchangeably with "important." While this might work in everyday conversation, in the realm of statistics, "significant" has a very specific meaning—it refers to the likelihood that a result is not due to random chance. That said,...
Basic research is deeply interested in mechanisms and root causes. Questions such as “what is the molecular basis for life?” led our civilization to the discovery of DNA, and in that question there are already embedded causal questions, such as “how do changes in the nucleotide sequence of...
What is anecdotal data? Why is it considered unreliable supporting scientific information? Explain how statistics can add support to scientific claims. What are the effects of testosterone? Why do you suppose that the human auditory system evo...
Statistics and The Scientific Method:One of the most significant aspects of science is the ability to provide strong evidence describing and explaining observable phenomena. In order to be considered scientifically rigorous, this evidence must be accurate, reliable, reproducible, and measurable, among ...
The churn rate plays an even more significant role when seeking investment through venture capital. The stakeholders determine by looking at the churn rate if your business is stable and can stand the test of time and cut-throat competition to emerge victorious in the end. Retention rate is ...
To be consistent with the research hypothesis, this estimate should be small and/or not statistically significant. The estimate for background=3 answers the question: what is the difference in the log-odds of responding with object when the background is a face, compared to ...
Replicates and repeats-what is the difference and is it significant? A brief discussion of statistics and experimental design. EMBO Rep 13, 291-296 (2012).D. L. Vaux, F. Fidler, and G. Cumming, "Replicates and repeats- what is the difference and is it significant? A brief discussion ...
Is a 0.05 P-Value Significant? A p-value less than 0.05 is typically considered to be statistically significant, in which case the null hypothesis should be rejected. A p-value greater than 0.05 means that deviation from the null hypothesis is not statistically significant, and the null hypothe...
Employees on non-agricultural payrolls: Released by the Bureau of Labor Statistics, this component is known as "payroll employment." Full-time, part-time, permanent or temporary workers are counted equally. This series is considered the most widely followed gauge of the health of the U.S. econ...