Statistical significance

A measure of the likelihood that observed statistical data under review might have arisen randomly (rather than as a result of the proposed statistical relationship).

If the data under review are NOT statistically significant, then they should not normally be used as a basis for important decisions.

It is less likely, for example, that a very small sample of data would produce a statistically significant result.

See also

• Correlation coefficient
• Data
• Greenium
• Materiality
• Sample
• Significance level
• Significance testing
• Significant institution
• Significant Risk Transfer
• Statistical distribution
• Statistical inference
• Statistics
• Type I error
• Type II error