P-values

Question 1

What is a p-value?

Answer 1

Probability that the difference or correlation in the results occurred due to chance

Question 2

Chance and confidence when p=0.05

Answer 2

5% chance
95% confidence

Question 3

If the test statistic is greater than the critical value at p=0.05…

Answer 3

There is less than 5% probably that the results occurred due to chance. We reject the null hypothesis as there is a statistically significant difference or correlation between variables