The P value is used all over statistics, from t-tests to regression analysis. Everyone knows that you use P values to determine statistical significance in a hypothesis test. In fact, P values often determine what studies get published and what projects get funding.
Despite being so important, the P value is a slippery concept that people often interpret incorrectly. How do you interpret P values?
In this post, I'll help you to understand P values in a more intuitive way and to avoid a very common misinterpretation that can cost you money and credibility.