# tests of significance meaning

- [Economics]

Statistical tests based on calculating the probability that a given result could have been obtained as the result of sampling errors. An estimate, for example, is statistically significantly different from zero at the 5 per cent level if, given the variance of the population, there is a less than 5 per cent chance that an estimate as far from zero as this could have been produced by a random sample of the size used.

More: Next*test of significance*- About 800 rules meeting that
*test of significance* are issued every year. - Probability and statistics was focused on probability distributions and
*tests of significance*. - It therefore squarely passes the
*test of significance*. - The
*test of significance* is designed to assess the strength of the evidence against the null hypothesis.