When asked to explain the meaning of the Pvalue was P 003 a
| When asked to explain the meaning of \"the P-value was P = 0.03,\" a student says, \"This means there is only probability 0.03 that the null hypothesis is true.\" Explain what P = 0.03 really means in a way that makes it clear that the student\'s explanation is wrong. | |||||||||
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Solution
P=0.03 really means that the probability, assuming the null hypothesis is true, that the test statistic will take a value at least as extreme as that actually observed, is 0.03. Thus, the student
