We present a new way to define and compute the maximum significance
achievable for signal and background processes at the LHC, using all available
phase space information. As an example, we show that a light Higgs boson
produced in weak--boson fusion with a subsequent decay into muons can be
extracted from the backgrounds. The method, aimed at phenomenological studies,
can be incorporated in parton--level event generators and accommodate
parametric descriptions of detector effects for selected observables.Comment: 7 pages, 2 figures, changes to wording and new references, published
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