WebMar 2, 2024 · @sirisha since your p-value is smaller than 0.05 you can reject null hypothesis that there's unit root (i.e. your data doesn't have unit root after transformation). 0.05 is standard, although you could go to 0.01 or 0.001 and still be happy because your p is MUCH less than that. – dm2 Mar 2, 2024 at 17:59 1 WebP-values on standard computers (using IEEE double precision floats) can get as low as approximately 10 − 303. These can be legitimately correct calculations when effect sizes are large and/or standard errors are low. Your value, if computed with a T or normal distribution, corresponds to an effect size of about 31 standard errors.
Is a p-value of 0.04993 enough to reject null hypothesis?
WebA p-value > 0.05 does not provide evidence of no effect, it simply means that randomness or chance cannot be ruled out as an explanation of our results. Misinterpretation #3: A p … WebFeb 26, 2024 · Yes, it looks like your p-values are all greater than 0.05. I can’t tell if you have 31 observations per group, or split between groups. If you have closer to 7 observations per group, that’s a very small sample … green lane campus walsall college
P-value - Definition, How To Use, and Misinterpretations
WebMay 31, 2024 · What does p value 0.01 mean? eg the p-value = 0.01, it means if you reproduced the experiment (with the same conditions) 100 times, and assuming the null hypothesis is true, you would see the results only 1 time. OR in the case that the null hypothesis is true, there’s only a 1% chance of seeing the results. Why is my p value so … WebJan 18, 2024 · Accordingly, for any set of data, it is certain not to obtain "0" p value. However, p value can be very small in some cases. Lets look at the interprations: The p-value is the probability of getting an outcome as extreme or more extreme than the observed outcome, ASSUMING THE NULL HYPOTHESIS IS TRUE. If the p-value is … WebApr 25, 2016 · The result is a bumpy ride in the literature. Here’s my choice of the top 5 things to keep in mind to avoid p-value potholes. 1. “Significant” in “statistically … green lane care home addlestone