Why not 0.06?

Steve Accera asked me an interesting question a few months back. Why is 0.05 the cut-off for a p-value to be considered statistically significant?
To understand the answer to this question, we first have to talk about how to interpret a p-value in the first place. For the expanded explanation, click here.
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Don’t fix what isn’t broken

I’ve talked about information overload before, as well as information dieting (yes, before the book came out.)
Today while I was changing in my gym, I overhead two guys talking. Both were built like brick you-know-what’s and neither (though fully clothed in workout gear) looked “fat-big”.
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