P-value and confidence intervals - the good, the bad, and the ugly

P-value and confidence intervals - the good, the bad, and the ugly

Author: Alexander Schacht and Benjamin Piske, biometricians, statisticians and leaders in the pharma industry March 10, 2025 Duration: 32:31
In this episode of The Effective Statistician, I sit down with Kaspar Rufibach to tackle a topic that affects statisticians every day—how to interpret p-values, confidence intervals, and statistical hypotheses. We explore the differences between Fisher’s and Neyman-Pearson’s approaches, clear up common misconceptions, and discuss how misinterpreting statistical significance can lead to flawed conclusions. Using real-world examples from clinical trials and drug development, we highlight best practices for communicating statistical results effectively. Whether you're working with clinicians or business stakeholders, this episode will help you gain clarity on these fundamental statistical concepts and use them correctly in your daily work.

Hosted by Alexander Schacht and Benjamin Piske, both practicing biometricians and leaders within the pharmaceutical industry, The Effective Statistician-in association with PSI is a conversation about the practical realities of the profession. This isn't a theoretical lecture series; it's a resource built from the ground up by statisticians who navigate the same challenges you do every day. The discussions focus on actionable strategies for increasing your influence and efficiency, whether you're analyzing data, presenting findings, or guiding a team. You'll hear perspectives on developing leadership qualities even without a formal management title, and gain insight into current debates within the scientific and regulatory communities. The aim is to provide context for the health sector's evolving landscape, translating complex industry dynamics into relevant knowledge for your work. Tune in for a candid exploration of what it means to be a modern statistician, designed to help you refine your approach and achieve a more significant impact. This podcast serves as a professional toolkit, created in association with PSI (Promoting Statistical Insight), for statisticians at any career stage looking to deepen their expertise and navigate their roles with greater confidence and clarity.
Author: Language: English Episodes: 50

The Effective Statistician - in association with PSI
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