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Please define p-value. What a p-value is and how to interpret its value. Typically, a p-value...

Please define p-value. What a p-value is and how to interpret its value. Typically, a p-value of 0.05 is used as the significance level. This means that if p > 0.05 we fail to reject Ho (null hypothesis). If p < 0.05 we reject Ho. Discuss whether or not you think 0.05 is too strict or too liberal a value for making statistical claims. Please respond to at least one other student's post.

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