Statistical Significance
Discover the importance of statistical significance in econometric and statistical analysis as Russ Roberts delves into the concept with his guest. Learn about the average level of power and the significance of finding a t statistic greater than two.In this clip
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EconTalk
John Ioannidis on Statistical Significance, Economics, and Replication
Related Questions
What is the power of data as discussed in the episode 270 ‒ Journal club with Andrew Huberman: metformin, power of belief, & how to read scientific papers and the clip Debunking Statistical Myths?
A researcher is studying mirex contamination in farmed salmon. He first found a 95% confidence interval for the mean concentration to be 0.0834 to 0.0992 parts per million. Later, he rejected the null hypothesis that the mean did not exceed the EPA's recommended safe level of 0.08 ppm based on a P-value of 0.0027. Explain how these two results are consistent, discussing the confidence level, the P-value, and the decision.