- Short for probability value — the probability of getting data as extreme as observed with the null hypothesis holding true.
- A null hypothesis assumes patterns in data are due to chance, not a real effect.
- In short: “What are the odds I’d see this extreme data by chance?”
- Don’t worry about the jargon, it is merely a telltale number derived in Statistics and Probability
\[ p = P(\text{data} \mid H_0 \text{ is true}) \]