What is a p-value in statistics?
A p-value is a measure that helps determine the significance of your results in hypothesis testing.
How is the p-value calculated?
The p-value is calculated based on the observed data and the null hypothesis, often using statistical software.
What does a low p-value indicate?
A low p-value suggests that the observed data is unlikely under the null hypothesis, indicating statistical significance.
What is the common threshold for p-values?
The common threshold for significance is 0.05, meaning there's a 5% chance of observing the data if the null hypothesis is true.
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