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In null-hypothesis significance testing, the p-value [note 1] is the probability of obtaining test results at least as extreme as the result actually observed, under the assumption that the null hypothesis is correct. [2] [3] A very small p-value means that such an extreme observed outcome would be very unlikely under the null hypothesis.
[3] [5] The 0.05 significance level (alpha level) is often used as the boundary between a statistically significant and a statistically non-significant p-value. However, this does not imply that there is generally a scientific reason to consider results on opposite sides of any threshold as qualitatively different. [3] [6]
The false positive rate (FPR) is the proportion of all negatives that still yield positive test outcomes, i.e., the conditional probability of a positive test result given an event that was not present. The false positive rate is equal to the significance level. The specificity of the test is equal to 1 minus the false positive rate.
The term significance does not imply importance here, and the term statistical significance is not the same as research significance, theoretical significance, or practical significance. [ 1 ] [ 2 ] [ 18 ] [ 19 ] For example, the term clinical significance refers to the practical importance of a treatment effect.
Hence again, with the same significance threshold used for the one-tailed test (0.05), the same outcome is not statistically significant. Therefore, the two-tailed null hypothesis will be preserved in this case, not supporting the conclusion reached with the single-tailed null hypothesis, that the coin is biased towards heads.
[3] [4] The use of a P value cut-off point of 0.05 was introduced by R.A. Fisher; this led to study results being described as either statistically significant or non-significant. [5] Although this p-value objectified research outcome, using it as a rigid cut off point can have potentially serious consequences: (i) clinically important ...
For a given significance level in a two-tailed test for a test statistic, the corresponding one-tailed tests for the same test statistic will be considered either twice as significant (half the p-value) if the data is in the direction specified by the test, or not significant at all (p-value above ) if the data is in the direction opposite of ...
The p-value does not provide the probability that either the null hypothesis or its opposite is correct (a common source of confusion). [ 36 ] If the p -value is less than the chosen significance threshold (equivalently, if the observed test statistic is in the critical region), then we say the null hypothesis is rejected at the chosen level of ...