## The Significance of the Item Up For Bids

The last important idea missing before we can judge this problem about The Price Is Right clean sweeps of Contestants Row is the significance level. Whenever an experiment is run — whether it’s the classic probability class problems of flipping coins or rolling dice, or whether it’s watching 6,000 episodes of a game show to see whether any seat produces the most winners, or whether it’s counting the number of red traffic lights one gets during the commute — there are some outcomes which are reasonably likely, some which are unlikely, and some which are vanishingly improbable.

We have to decide that some outcomes have such a low probability of happening naturally that they represent something going on, and are not just the result of chance. How low that probability should be is our decision. There are some common dividing lines, but they’re common just because they represent numbers which human beings find to be nice round figures: five percent, one percent, half a percent, one-tenth of a percent. What significance level one picks depends on many factors, including what’s common in the field, how different outcomes are expected to be, even what one can afford. Physicists looking for evidence of new subatomic particles have an extremely high standard before declaring something is definitely a new particle, but, they can run particle detection experiments until they get such clear evidence.

To be fair, we ought to pick our significance level before we’ve worked out the probability of something happening, but this is the earliest I could discuss it with motivation for you to read about it. But if we take the five percent significance level, we see we know already that there’s a little more than a one and a half percent chance of there being as few clean sweeps as observed. The conclusion is obvious: all six winning contestants in an episode should have come from the same seat, over 6,000 episodes, more often than the one time Drew Carey claimed they had. We can start looking for explanations for why there should be this deficiency.

Or …

## Finding, and Starting to Understand, the Answer | nebusresearch 4:22 am

onSunday, 5 February, 2012 Permalink |[…] Responses The Significance of … on From Drew Carey To An Imaginar…The Significance of … on The […]

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## What Can One Week Prove? | nebusresearch 4:17 am

onThursday, 16 February, 2012 Permalink |[…] The Significance of the Item Up For Bids « Figuring Out The Penalty Of Going First | […]

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## About Chances of Winning on The Price Is Right | nebusresearch 12:53 am

onSaturday, 21 April, 2012 Permalink |[…] The Significance Of The Item Up For Bids puts forth the idea that we can draw a line. We can say that we consider some threshold of likelihood, and say that outcomes which are less likely than that are probably significant. We may have fewer clean sweeps than we expected, but do we have so few that it’s implausible to say it was just a matter of chance? […]

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