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Froogle 1.1.1.7
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Elias Makere, FSA, MAAA
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ASOP 1 | §2.12 | SIGNIFICANCE/SIGNIFICANT

Significance can have different meanings. A result may be deemed to be statistically significant if it is determined that the probability that the result was produced by random chance is small. An event may be described as significant if the likelihood of its occurrence is more than remote. In addition, a result may be significant because it is of consequence. Other uses may be encountered in actuarial practice. The actuary should exercise care in interpreting or using these words.
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