What Is a p-Value?
p-value
Intuition: If the null hypothesis were true, how likely is it that we'd see results at least as extreme as what we observed?
- Small -value → the observed result is unlikely under → evidence against
- Large -value → the observed result is plausible under → no evidence against
Computing p-values:
- Right-tailed ():
- Left-tailed ():
- Two-tailed ():