Here’s a good idea for the next presidential candidate debate: They can insult each other about their ignorance of statistics. Actually, it’s a pertinent topic for political office seekers, as public ...

For decades, scientists have been using the probability value, commonly known as p-value, to test the significance of their findings. The p-value falls from 0 to 1, and the lower the number, the ...

The pursuit of science is designed to search for significance in a maze of data. At least, that’s how it’s supposed to work. To support or refute a hypothesis, the goal is to establish statistical ...

Imagine, if you dare, a world without P values. Perhaps you’re already among the lucky participants in the human race who don’t know what a P value is. Trust me, you don’t want to. P stands for ...

A small p-value often means the observed data effect is statistically significant. Set a significance level to compare with the p-value to validate investment hypotheses. Utilizing p-values in Excel ...

We present an importance sampling method for deciding, based on an observed random field, if a scan statistic provides significant evidence of increased activity in some localized region of time or ...