This R Markdown presentation will dive into the definition of what makes a P-Value, and the impact it has within the statistics.
P-Value can be characterized as a probability factor, and helps to measure the ‘likely hood’ of an observed difference between groups.
The fallacies of P-Values deal with if those that conduct the survey but don’t fully understand the observations captured. A threshold could provide correlations however, this reasoning could be inaccurate.
P-Value Formula: p = P(data | (H0)
- If the p-value is small (\(< 0.05\)), we reject the null hypothesis.
- If the p-value is large, we fail to reject the null hypothesis.