About P-value Formula
The probability value formula is abbreviated as P-value. The probability of having a result that is either the same as or more extreme than the other real observations is defined by the P-value. The chance of an event occurring is represented by the P-value. The P-value formula is used instead of the rejection point to determine the least significance at which the null hypothesis is rejected. Given observed and expected frequencies, the lower the P-value, the stronger the evidence in favour of the alternative hypothesis. More Maths Formulas on the parent's page.
P-value is a statistical measure that can be used to determine whether or not a hypothesis is valid. The P-value is always between 0 and 1. The level of significance() is a predetermined criterion that the researcher should set. It is usually set to 0.05. P-value is calculated using the following formula:
Steps to calculate P-value Formula
Step 1: Find out whether test static Z is
Where,
- = Sample Proportion
- P0 = assumed population proportion in the null hypothesis
- N = sample size
Step 2:Look at Z-table to find the corresponding level of P from the z value obtained.
Where,
- = Sample Proportion
- P0 = assumed population proportion in the null hypothesis
- N = sample size
P-value Formula
The formula to calculate the P-value is:
Where,
- = Sample Proportion
- P0 =assumed population proportion in the null hypothesis
P-value Table
The P-value table helps in determining the hypothesis according to the p-value.
P-value |
Description |
Hypothesis Interpretation |
||
P-value ≤ 0.05 |
|
Rejected |
||
P-value > 0.05 |
|
Accepted or it “fails to reject”. |
||
P-value > 0.05 |
P-value is near cut-off. It is considered marginal |
the hypothesis needs more attention. |