How can you explain the meaning of p-values to a non-specialist audience?
Imagine you're looking at a study claiming that a new drug improves memory. The researchers have a statistic called a p-value to support their findings. But what exactly does this p-value mean? It's a tool used in data science to measure the strength of the evidence against a null hypothesis, which is a default position that there is no effect or no difference. If you're not a statistician, this can sound quite complex. However, understanding p-values is crucial because they are widely used in scientific research to determine whether results are significant or just due to chance.