concept

P-Value

A p-value is a statistical measure used in hypothesis testing to determine the strength of evidence against a null hypothesis. It represents the probability of obtaining results at least as extreme as the observed data, assuming the null hypothesis is true. In practice, it helps researchers decide whether to reject the null hypothesis, typically using a significance threshold like 0.05.

Also known as: p value, probability value, p, p-val, significance probability
🧊Why learn P-Value?

Developers should learn about p-values when working in data science, machine learning, or any field involving statistical analysis, such as A/B testing, experimental design, or research validation. It is crucial for interpreting results from statistical tests, ensuring data-driven decisions are based on robust evidence, and avoiding misinterpretations in analytics or model evaluations.

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