"May I Show You My Collection of p-Values?"
April 30, 2012
Excellent. (Via Marginal Revolution.)
Which of the following statements about p-values is correct?
1. A p-value of 5% implies that the probability of the null hypothesis being true is (no more than) 5%.
2. A p-value of 0.005 implies much more "statistically significant" results than does a p-value of 0.05.
3. The p-value is the likelihood that the findings are due to chance.
4. A p-value of 1% means that there is a 99% chance that the data were sampled from a population that's consistent with the null hypothesis.
5. None of the above.