- P stands for Probability, and it is the probability that the observed difference between groups is due to chance or luck
- This is related to the Null Hypothesis, which is the claim that the effect being studied does not exist
- In order to assert that a claim is valid, the null hypothesis should be rejected, meaning that the results were not just chance
- If p-value < 0.05 , we reject the null hypothesis
- If p-value > 0.05 , we fail to reject the null hypothesis
- A p-value < 0.05 gives a 95% confidence rating in the observed data
- To determine correlation, this is used together with the Pearson Correlation Coefficient