A Statistical Significance Simulation Study for the General Scientist (1109.6565v1)

Abstract: When a scientist performs an experiment they normally acquire a set of measurements and are expected to demonstrate that their results are "statistically significant" thus confirming whatever hypothesis they are testing. The main method for establishing statistical significance involves demonstrating that there is a low probability that the observed experimental results were the product of random chance. This is typically defined as p < 0.05, which indicates there is less than a 5% chance that the observed results occurred randomly. This research study visually demonstrates that the commonly used definition for "statistical significance" can erroneously imply a significant finding. This is demonstrated by generating random Gaussian noise data and analyzing that data using statistical testing based on the established two-sample t-test. This study demonstrates that insignificant yet "statistically significant" findings are possible at moderately large sample sizes which are very common in many fields of modern science.