What does P-value signify about the statistical data?
In statistics, the p-value is used to test the significance of a null hypothesis. A p-value lower than 0.05 suggests that there is only 5% chance that the outcomes of an experiment are random and the null hypothesis must be rejected. On the other hand, a higher p-value,say0.8, suggests that the null hypothesis can not be rejected as 80% of the sample has random outcomes.
