significance

/sɪɡˈnɪfɪkəns/
noun
  1. The importance or meaning of something.
    • The significance of the election results was discussed on every news channel.
    • She didn't understand the significance of the ancient symbol.
    • The discovery of penicillin had great significance for modern medicine.
  2. The quality of being statistically meaningful or not likely to be due to chance.
    • The study's results lacked significance, so the hypothesis was not supported.
    • The researchers found statistical significance in the data.
    • A p-value less than 0.05 is often used to determine significance in experiments.
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