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Take a Grasp over P- Value or Calculated Probability

Statistics, a beck of science demands complete and thorough understanding and practical applications of all possible things. Theoretical concepts are not enough and hence, students have to seek for suggestions and guidelines to clarify all the problematic issues. To make assignments on statistical concepts are not easy and to fulfil every requirement, students should opt for homework help which is also possible with an online portal like myhomeworkhelp.com.

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:

  • A small P– value which is basically, ≤ 0.05 implies firm proof against the null hypothesis. Here, you can reject that null hypothesis.
  • In case of large P– value which is > 0.05, the null hypothesis can’t be rejected as it implies weak affirmation.
  • Values which are extremely close to 0.05 are regarded as marginal.

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Examples:

If you go through some of the examples, your concept would be clearer. There are some common examples that you can also find in the manuals of P- value Homework Help and they are:

  • Five heads in a row.
  • One roll of a pair of dice.
  • Alternating coin flips.
  • Sample size dependence.
  • Impossible outcome and very unlikely outcome.
  • Coin flipping.

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