How can you avoid misusing p-values when conducting statistical analysis?
In statistical analysis, p-values are a crucial metric used to determine the significance of results. A p-value, short for probability value, indicates the probability of obtaining a result at least as extreme as the one observed during the test, assuming that the null hypothesis is true. The null hypothesis typically states that there is no effect or no difference. Misinterpretation or misuse of p-values can lead to incorrect conclusions, so it's vital to understand what they actually represent. They are not the probability that the null hypothesis is true or the likelihood that your results happened by chance.