Interpret a p-value of 0.005. This means that there is 0.005

Last updated: 8/14/2022

Interpret a p-value of 0.005. This means that there is 0.005 probability for the null to be false This means that the probability for observing the test statistic is 0.005 if the null is true. This means that there is 0.005 probability for observing the test statistic if the null is false. This means that there is a 0.005 probability of a type Il error.