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Could someone grade the explanation I gave my non-technical boss last week? In the context of a regression analysis, I said, "P-values indicate the chance that
by myNXTact 11y ago
Could someone grade the explanation I gave my non-technical boss last week?
In the context of a regression analysis, I said, "P-values indicate the chance that the apparent effect of the variable is from random fluctuations in the data instead of the variable itself."
- analog31 11y agoWhile we're at it, let's try this one too: The p-value, if correctly computed, is the probability that data collected under different conditions actually come from the same distribution. My definition sidesteps the word "effect."
- tedsanders 11y agoI would grade this explanation poorly, because it is wrong. It's impossible to know the odds of an apparent effect coming from random data fluctuations or a real effect. The p-value cannot tell you these odds. The p-value only tells you one half of that---the odds that random fluctuations would cause an apparent effect.