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What does P-value signify about the statistical data?
in Data Science & Statistics by Bronze Status (8,638 points) | 58 views

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The obtained p-value is used to determine the significance of results after hypothesis test in statistical analysis. This value ranges between 0 and 1, and it helps to draw conclusions.

A p-value greater than 0.05 denotes weak evidence against the null hypothesis which means the null hypothesis cannot be rejected.

A p-value less than or equal to 0.05 denotes strong evidence against the null hypothesis which means the null hypothesis can be rejected.

A p-value very close to 0.05 is the marginal value indicating it is possible to go either way.
by Diamond (40,336 points)

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