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Meaning / Definition of

P-Value

Categories: Finance,

The level of marginal significance within a statistical hypothesis test, representing the probability of the occurrence of a given event. The p-value is used as an alternative to rejection points to provide the smallest level of significance at which the null hypothesis would be rejected. The smaller the p-value, the stronger the evidence is in favor of the alternative hypothesis.P-values are calculated using p-value tables, or spreadsheet/statistical software.

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