5100 could have happened. μ is population mean. Statistical Significance Explained P Value Data Science Data Scientist Statistical significance means that the tools used to measure the data introduce error that needs to be accounted for when considering whether or not to reject the null hypothesis. . Statistics and Probability questions and answers. Where is the sample mean. N is the number of items. Click again to see term. Statistical significance means that the sample standard deviation is unusually small resulting in an unusually large test statistic OB. Find the statistical significance given that sample mean the population mean standard deviation and sample size are 16 13 5 31. A p -value less than 005 typically 005 is statistically significant. Choose the correct explanation below. Statistical significance is a tool that is used to determine whether the outcome of an experiment is the result of a re...