logo share us

Statistical Significance


Definition: Statistical Significance is the likelihood that a relationship between two or more variables we find in our results is NOT caused by random chance.
In any experiment or observation that involves drawing a sample from a larger total population, there is always the possibility that an observed effect occurred due to sampling error (coincidence). Statistical significance is a way of showing to what extent that the answers which were obtained from the data are not totally due to luck.


Learn more about Statistical Significance.

More on decision support: Activity Based Costing, Artificial Intelligence In Marketing, Big Data Analytics, Business Intelligence, Business Performance Management, more on decision support...

You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA.

MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.

We like to keep things short, and provide links to learn more about your subject.

add us to your desktop

Add MBA Brief to your desktop / iPad


© 2024 MBA Brief - Last updated: 27-5-2024  -  Privacy   |   Terms