What is P value
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October 20, 2003 at 3:28 pm #33633
Hi all,
We use P value to analyse our data throughout the measure phase. If P>0.05 accept the data. But what is the significance of this p value. I know that it is related to 95% confidence interval, but am not able to find a clear definition of this.
Please let me know if any of you can clear this to me with some good example.
thanks a lot.
prakash.0October 20, 2003 at 4:04 pm #91247a P value is the product of the software age versus the statistical calulation methods long withstanding such as F score or T score.
Put simply the P value represents the probablitity the the results viewed are a matter of chance versus actual meaning. The higher the value the more opportunity chance is a factor. 0.05 is an arbitrary norm utilied. This means that we accept the fact that there is a 5% chance that the results are simply dumb luck and not really meaningful.
0October 21, 2003 at 2:17 am #91280
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