Take a Grasp over P- Value or Calculated Probability
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Definition of P- value:
One of the major topics found in statistics is the concept of P- value. However, according to the statistical concept, P- value is a purpose of the noticed sample results which is utilized to test a statistical hypothesis. In the other words, the P- value which is a calculated probability is used to figure out the observed result when null hypothesis or H0 is true.
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Interpretation of P- value:
The P- value signifies a number between 0 and 1 and it can be explained in the below manner:
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