3 ms·
The poverty level in United States is $11,880. At the top end, $500 is 4.2% and plenty of people are making less than $10,000 a year. At that rate, I think $500
by nouveaux 10y ago
The poverty level in United States is $11,880. At the top end, $500 is 4.2% and plenty of people are making less than $10,000 a year. At that rate, I think $500 is starting to look statistically significant.
https://aspe.hhs.gov/poverty-guidelines https://aspe.hhs.gov/poverty-guidelines
- Hydraulix989 10y agoLet's not conflate the very different concepts of "statistical significance" and magnitude of the effect. An effect with a small magnitude can be highly statistically significant, and vice versa. If you don't understand the very important difference, then you probably flunked out of freshman stats.
- dredmorbius 10y agoSadly, I suspect a significant number of people who didn't flunk freshman stats have trouble with this. The terminology is simply poor. No need to throw shade, BTW.