138 PART 3 Getting Down and Dirty with Data
The same kind of correspondence is true for other confidence levels and
significance levels. For example, a 90 percent confidence level corresponds to
the α = 0.10 significance level, and a 99 percent confidence level corresponds
to the α = 0.01 significance level, and so on.
So you have two different but related ways to estimate if an effect you see in your
sample is a true effect. You can use significance tests, or else you can use CIs.
Which one is better? Even though the two methods are consistent with one
another, in biostatistics, we are encouraged for ethical reasons to report the CIs
rather than the result of significant tests.»
» The CI around the mean effect clearly shows you the observed effect size, as
well as the size of the actual interval (indicating your level of uncertainty about
the effect size estimate). It tells you not only whether the effect is statistically
significant, but also can give you an intuitive sense of whether the effect is
clinically important, also known as clinically significant.»
» In contrast, the p value is the result of the complex interplay between the
observed effect size, the sample size, and the size of random fluctuations.
These are all boiled down into a single p value that doesn’t tell you whether
the effect was large or small, or whether it’s clinically significant or negligible.