InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
What Is P-value? |
|
Answer» In STATISTICAL SIGNIFICANCE testing, the p-value is the probability of obtaining a test statistic at LEAST as extreme as the one that was actually observed, ASSUMING that the null hypothesis is TRUE. If the p-value is less than 0.05 or 0.01, corresponding respectively to a 5% or 1% chance of rejecting the null hypothesis when it is true. In statistical significance testing, the p-value is the probability of obtaining a test statistic at least as extreme as the one that was actually observed, assuming that the null hypothesis is true. If the p-value is less than 0.05 or 0.01, corresponding respectively to a 5% or 1% chance of rejecting the null hypothesis when it is true. |
|