Question

in your own words, what is a P-Value and what does it tell us?

Answer #1

P value.

When we Conuct a hypothesis test in statistics, the p-value helps us determine the significance of our results. Bsically P value is the area the we clculate or interpret throug the various Statistics table through stat , t stat, f- ratio and compare it wwith the level of significance to test our claim., Hypothesis tests are used to test the acceptablity of a claim that is assumed about a population. The claim that is on trial, is called the null hypothesis.

When the p value calculated or computed via graph is less thaan level of signiicance value we reject the null hypothesis made and if tis p value is greated than the level of significance vale than we fail to reject.If tehp value is very less than we consier rare event rule.

The p value is shown through below plloted graph.

in your own words, what does each measure that current ratio,
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In a test of statistical significance, what does the
p-value tell us?
A. if the null hypythesis is true
B. if the alternative hypothesis is true
C. the largest level of significance at which the null hypothesis
can be rejected
D. the smallest level of significance at which the null hypothesis
can be rejected.
Please explain exactly what the p-value is as I'm
having trouble understanding it. thanks

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