Statistical significance at a 5% level implies results are likely not due to chance, indicating a real relationship between variables.
Statistical significance indicates that a result is not likely due to chance, providing confidence in the relationship between variables. When a result is statistically significant at a 5% significance level (p < 0.05), it suggests that the observed data is probably not random.
For example, if a study shows that wearing a watch significantly helps manage time better (assuming p < 0.05), there is evidence that this is a real effect, not just random chance influencing the outcome.
However, remember that statistical significance does not always mean practical significance or real-world importance.
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