What is p-value in statistics?

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I have actually been studying and using statistics a lot in my career, but I still struggle with finding a simply way to explain what exactly is p-value.

In: Mathematics

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Anonymous 0 Comments

the simplest way I could think of putting it is: the chances that your result came about because of luck. Therefore, smaller p-value means smaller chance that you just happened to get lucky. or unlucky depending on which way you see it.

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