FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1%
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2.5%
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5%
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10%
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Detailed explanation-1: -A p-value less than 0.05 (typically ≤ 0.05) is statistically significant. It indicates strong evidence against the null hypothesis, as there is less than a 5% probability the null is correct (and the results are random). Therefore, we reject the null hypothesis and accept the alternative hypothesis.
Detailed explanation-2: -A very small P-value indicates that the null hypothesis is very incompatible with the data that have been collected. However, we cannot say with certainty that the null hypothesis is not true, or that the alternative hypothesis must be true [5].
Detailed explanation-3: -A p-value measures the probability of obtaining the observed results, assuming that the null hypothesis is true. The lower the p-value, the greater the statistical significance of the observed difference. A p-value of 0.05 or lower is generally considered statistically significant.