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

In the simplest possible terms, it’s the likelihood that whatever your experiment is testing isn’t making a difference to the result. The lower the p-value, the more statistically significant your results are.

Basically, it’s the answer to the question: “How sure are we that the result is due to the experiment and not due to things that we aren’t testing?”

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