Statistician Question:

Download Job Interview Questions and Answers PDF

Explain p-value?

Applied Statistics Interview Question
Applied Statistics Interview Question

Answer:

In statistical significance testing, 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. If the p-value is less than 0.05 or 0.01, corresponding respectively to a 5% or 1% chance of rejecting the null hypothesis when it is true.

Download Applied Statistics Interview Questions And Answers PDF

Previous QuestionNext Question
Explain sampling?Give example of p-value?