Understanding the p-value - Statistics Help

[julieetran]

Thanks for the video! Just wondering, what if the p-value = 0.05, would that be considered statistically significant or non-significant?

[CreativeHeuristics]

@julieetran Hi Julie. This is where we see one of the problems of the whole "significant/not significant" decision. I would say significant (if I had chosen an alpha value of 0.05, but not if alpha was 0.01), but also state the p-value, as it gives an indication that the evidence is there, but not strong. Another possibility is to give the confidence interval for the statistic in question, as that gives readers some idea of the level of uncertainty. Statistics is not exact!

[CreativeHeuristics]

We are so glad you like it. Statistics is such an important subject that it needs to be fun as well.

[ufo8mykat]

Brilliant, playful. Thank you!