Examlex
What is the steady-state significance, if any, of a zero in the transition matrix?
P < .05
Indicates that the probability of the observed data (or something more extreme) assuming the null hypothesis is true is less than 5%, often used as a threshold for statistical significance.
Critical Value
A threshold value used in hypothesis testing to determine whether to reject the null hypothesis.
Null Hypothesis
In hypothesis testing, it's the presumption that no significant difference exists as a result of the experiment or intervention.
Significance
The likelihood that a result from data collected and analyzed is not due to chance. It’s often determined through the use of a p-value.
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