Statistics is a useful tool for understanding the patterns in the world around us. But our intuition often lets us down when it comes to interpreting those patterns. In this series we look at some of ...
Misuse of statistics in medical and sports science research is common and may lead to detrimental consequences to healthcare. Many authors, editors and peer reviewers of medical papers will not have ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Statistics is a useful tool for understanding the patterns in the world around us. But our intuition often lets us down when it comes to interpreting those patterns. In this series we look at some of ...
Low statistical power undermines the purpose of scientific research; it reduces the chance of detecting a true effect. Perhaps less intuitively, low power also reduces the likelihood that a ...
Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. She is a financial therapist and transformational coach, with a special interest in ...
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28 widely cited statistics that are often misread
Statistics is an interesting branch of science that has often got a bad rap. It teaches us a lot about the world and helps us quantify things really well. Statistics also helps with planning, ...
We propose to change the default P-value threshold for statistical significance from 0.05 to 0.005 for claims of new discoveries. The lack of reproducibility of scientific studies has caused growing ...
Conducting scientific studies is never easy, and there are often major disasters along the way. A researcher accidentally spills coffee on a keyboard, destroying the data. Or one of the chemicals used ...
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