p-value - easily explained with an example

 

What is the p-value and how is it interpreted? That's exactly what you'll learn in this video! The p-value tells us: How likely it is to draw a sample that deviates from the population by the same amount or more than the observed value. We have a sample that deviates from the population. We are now interested in how likely it is in the first place to draw a sample that deviates from the population by the same amount as our sample or more. p-value tutorial: https://numiqo.com/tutorial/p-value p-value calculator: https://numiqo.com/statistics-calculator/hypothesis-test 00:07 Example for the p-value 01:53 What does the p-value mean? 04:35 What is the significance level? 05:31 What is the type 1 and type 2 error? 06:42 Calculate p-value online.