I’m hearing this phrase a lot in my meetings and from what I gather, it’s basically the number an analysis needs in order to reach a calculated conclusion. Basically more data = closer to stat sig?
In: Mathematics
I’m not sure if this is exactly what it means for your situation but with psychology research statistical significance means if the difference between the numbers actually means something or if its just a difference due to chance. So most papers will use “p<0.05” which means the results showing a difference are less than 5% likely to be due to chance. If the p value is over 0.1 then there’s more than 10% likelihood it’s random and you can’t really say something if meaningful or effective if its just chance.
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