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by carabiner
1344 days ago
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3% more/less likely is a tiny effect. What is the power of this result? Isn't there always noise in this type of thing? I bet the normal variation in responses for the same group submitted to separate groups of companies exceeds 3%. That is, I could send 1,000 resumes to one batch of companies and 10.0% would get interviews. I could send the same 1,000 resumes to a different batch, and 10.3% would get interviews. Boom 3% difference for the same candidates. |
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A result does not have "power". An experiment has power -- the ability to detect a a given effect size a certain percentage of the time -- but a result is either statistically significant, or it is not.
As for "noise", statistical significance takes random noise into account. That is the point of the calculation -- it asks if a given result exceeds the threshold of what you'd expect to find at random some percentage of the time. If it does, the result is deemed significant.
A 3% difference could be enormous, or it could be miniscule. We can't say anything based on this information alone, and certainly can't say it's "likely a tiny effect". On a sample of thousands, a 3% difference is big. On a sample of tens, a 3% difference is small.