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Archive for March 25, 2021

The p-value in statistics

We’ve been dancing around the p-value for some time and gave it a good definition early on. The p-value is simply the probability that you’ve made a type one error, the lower the p-value the less chance you have of making a type one error, but you increase your probability that you’ll make a type two error (errors in statistics for more). However, just like with the mean, there’s more than meets the eye when it comes to the p-value so let’s go!