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tests of significance meaning

  "tests of significance" in a sentence
  • [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.

Examples

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  1. test of significance
  2. About 800 rules meeting that test of significance are issued every year.
  3. Probability and statistics was focused on probability distributions and tests of significance.
  4. It therefore squarely passes the test of significance.
  5. The test of significance is designed to assess the strength of the evidence against the null hypothesis.

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