What are some examples of p-value calculations?
An example of an AI chatbot conversation about p-value calculations and their significance.
What are some examples of p-value calculations?
P-values help determine the significance of results in hypothesis testing. Would you like to see a specific example?
Yes, can you show me an example using a t-test?
Sure! Let's say we have two groups of data. Group A has a mean of 50 and Group B has a mean of 55. If we perform a t-test, we can calculate the p-value to see if the difference is statistically significant.
How do I interpret the p-value from that test?
A p-value less than 0.05 typically indicates that the difference between the groups is statistically significant, meaning it's unlikely to have occurred by chance.
What if the p-value is greater than 0.05?
If the p-value is greater than 0.05, it suggests that there is not enough evidence to reject the null hypothesis, indicating that any observed difference may be due to random variation.
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