P-Value

P-value Definition, Interpretation, Introduction, Examples

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In this post, we will discuss the P-value definition, interpretation, introduction, and some related examples. P-value Definition The P-value also known as the observed level of significance or exact level of significance or the exact probability of committing a type-I error (probability of rejecting $H_0$, when it is true), helps …

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P-value Interpretation and Misinterpretation of P-value

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The P-value is a probability, with a value ranging from zero to one. It is a measure of how much evidence we have against the null hypothesis. P-value is a way to express the likelihood that $H_0$ is not true. The smaller the p-value, the more evidence we have against …

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