Words / S / Business

statistical significance

noun/stəˈtɪstɪkl sɪɡˈnɪfɪkəns/

B2CEFR level
55/100Rarity: uncommon
TechnicalRegister

The finding that an observed result is unlikely to have arisen by random chance alone, judged against a preset threshold.

The variant looked better, but the lift never reached statistical significance, so we shipped nothing.

Topic: Data & analytics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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