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Hypothesis Testing
P-Value in Hypothesis Testing
Description
P-value is a key idea in statistics and hypothesis testing. It stands for probability value. It helps show how likely the observed sample results are if the null hypothesis is true.
More exactly, p-value is the probability that another randomly selected sample will produce results as extreme or m...
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Transcript
When a test statistic is calculated from the sample statistic, such as sample proportion, it can be located in a probability distribution.
This value of the test statistic demarcates an area under the curve from the rest of the area.
This area at the tail of the distribution is the P-value, where P stands for prob...
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