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The Excel formula we'll be using to calculate the p-value is: Will the null hypothesis be proven out? Or will it be rejected in favor of the alternative hypothesis? The answer lies with the p-value(s).ĭon't Miss: Find the Formula in an Arithmetical Sequence P-Value Formula & ArgumentsĪs said, when testing a hypothesis in statistics, the p-value can help determine support for or against a claim by quantifying the evidence. In short order, it tells us the how strong a claim or null hypothesis is. This value, which determines the "significance of results" in hypothesis testing, is used in various fields, from economics to criminology. Probability values, or p-values, were popularized in the 1920s in statistics, though they've been around since the late-1700s. Using a simple formula, you can easily determine the p-value for your tests and thereby conclude strong or weak support of the null hypothesis. To do so, employ the spreadsheet program Microsoft Excel. So you need to find the p-value for your hypothesis test.
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