Exercise · ZW-P-VALUE-004 · ★☆☆ Basic

A p-value of \(0.03\) and \(\alpha=0.01\). What is decided?

Choose one option.

Show answer
  • C. Do not reject \(H_0\), since \(p>\alpha\)

Explanation

With \(\alpha=0.01\) more evidence is required: \(0.03>0.01\), so it is not rejected.

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Review the concept: p-value

The \(p\)-value is the probability \(P\), computed assuming the null hypothesis \(H_0\) is true, of obtaining a result at least as extreme as the one observed.

\[p=P\big(\text{result at least as extreme}\mid H_0\big)\]

More practice problems: p-value

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