What are common misconceptions about p-values in hypothesis testing?
Understanding p-values is crucial when evaluating the results of hypothesis testing in statistics. A p-value, or probability value, is the probability of obtaining test results at least as extreme as the ones observed during the test, assuming that the null hypothesis is true. However, there are several misconceptions surrounding p-values that can lead to misinterpretation of statistical results. This article aims to shed light on some of the common misunderstandings and clarify what p-values actually represent in the context of hypothesis testing.