What is the significance of a p-value in statistics?
An example of an AI chatbot conversation about p-value significance in statistical analysis.
What is the significance of a p-value in statistics?
A p-value helps determine the strength of evidence against the null hypothesis. A low p-value indicates strong evidence.
What is considered a low p-value?
Typically, a p-value of less than 0.05 is considered low, suggesting that the results are statistically significant.
Can a p-value be zero?
A p-value can get very close to zero, but it cannot actually be zero. It indicates extremely strong evidence against the null hypothesis.
What are the limitations of using p-values?
P-values can be misinterpreted; they don't measure the size of an effect or the importance of a result. They also depend on sample size.
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