P-value

Quick meaning: P-value is a noun meaning (statistics) In statistical significance testing, 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.

Meaning

(statistics) In statistical significance testing, 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.

Example Sentences

The larger the p-value the smaller the chance of a difference. A p-value of 1.00 means 0 % chance of a difference, while a p-value of 0.95 means a chance of difference close to 0. A p-value of > 0.95 literally means that we have > 95 per cent chance of finding a result less close to expectation, which means a chance of < (1-0.95) , i.e., < 0.05 of finding a result this close or closer. Using the traditional 5 per cent decision level, this would mean, that we have a strong argument that such […]

Word Forms

• p-values

Related Words

Related dictionary entries include predictive, predictor, power, quasiprobability, expectancy, parastatistics.

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