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P-value is short for "Probability Value." It is a measure of statistical significance whereas the p-value is the probability of obtaining a test statistic at least as extreme as the one that was actually observed, assuming that the null hypothesis is true. The lower the p-value, the less likely the result is if the null hypothesis is true, and consequently the more "significant" the result is.

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โˆ™ 13y ago
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โˆ™ 5mo ago

The p-value is the probability of obtaining results as extreme as the observed results, assuming that the null hypothesis is true. A smaller p-value indicates stronger evidence against the null hypothesis. Typically, a p-value of 0.05 or less is considered statistically significant.

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Q: In scientific terms what does P value stand for?
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