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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which P is the most important?
A
Product
B
Promotion
C
Price
D
Place
E
None
Explanation: 

Detailed explanation-1: -Since the introduction of P value in 1900 by Pearson [1], the P values are the preferred method to summarize the results of medical articles. Because the P value is the outcome of a statistical test, many authors and readers consider it the most important summary of the statistical analyses.

Detailed explanation-2: -The P value is defined as the probability under the assumption of no effect or no difference (null hypothesis), of obtaining a result equal to or more extreme than what was actually observed. The P stands for probability and measures how likely it is that any observed difference between groups is due to chance.

Detailed explanation-3: -One of the most commonly used p-value is 0.05. If the calculated p-value turns out to be less than 0.05, the null hypothesis is considered to be false, or nullified (hence the name null hypothesis). And if the value is greater than 0.05, the null hypothesis is considered to be true.

Detailed explanation-4: -P > 0.05 is the probability that the null hypothesis is true. 1 minus the P value is the probability that the alternative hypothesis is true. A statistically significant test result (P ≤ 0.05) means that the test hypothesis is false or should be rejected. A P value greater than 0.05 means that no effect was observed.

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