Spread the loveStatistical significance is a crucial concept in many disciplines, including data analysis, social sciences, and business. Assessing statistical significance allows researchers and decision-makers to determine if a particular outcome has occurred by chance or if there is a genuine effect at play. In this article, we will guide you through the process of calculating statistical significance step by step. Step 1: Define your hypotheses First, you must establish your null hypothesis (H0) and alternative hypothesis (H1). The null hypothesis typically asserts that there is no significant difference or effect between the groups being studied. In contrast, the alternative […]