How can you explain the meaning of a p-value to a non-expert audience?
Understanding p-values can be quite the hurdle if you're not well-versed in statistics. Essentially, a p-value helps you determine the significance of your results when conducting a hypothesis test in data science. It's a tool that helps you understand if the findings from your data are due to chance or if they're likely reflecting true differences or relationships in the data you're studying. Imagine you're trying to find out if a coin is fair, and you get heads 60 times out of 100 flips. A p-value will help you figure out if this result is just random luck or if it's likely that the coin is actually biased towards heads.