To calculate the statistical significance:
Z=x−ustd√n
Where:
Statistical significance is a measure of how closely a sample set follows the data of a larger population. It indicates whether the observed effect is likely to be due to chance or if it reflects a true effect in the population.
Let's assume the following values:
Using the formula:
Z=20−155√30≈5.48
The statistical significance (Z) is approximately 5.48.
Let's assume the following values:
Using the formula:
Z=50−4510√50≈3.54
The statistical significance (Z) is approximately 3.54.