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TeachMeFinance.com - explain statistical significance statistical significance The term 'statistical significance' as it applies to the area of drug testing can be defined as ' The probability that an event or difference occurred by chance alone. In clinical trials, the level of statistical significance depends on the number of participants studied and the observations made, as well as the magnitude of differences observed'. Previous 5 Terms: Station Pressure Station use station, control Stationary Front Stationary white noise Next 5 Terms: statistical-dynamical models statistics statolith Stator Stator windings About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.