What Does a P Value Measure

question 44

Multiple Choice

What does a p value measure?

• A) probability of wrongly concluding the true parameter is 0
• B) the significance level of a research test
• C) probability of the alternative hypothesis being true
• D) the correlation between two levels

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Definitions:

Perfect Information

A theoretical concept where all participants have access to all relevant information, making fully informed decisions possible.

Preposterior Analysis

An evaluation method used in decision theory to assess the value of collecting additional information before making a decision.

Prediction Value

The expected outcomes or values predicted by a statistical model or algorithm.

Cost Of Information

The total expense involved in generating, processing, storing, and transmitting information, including any financial, time, or resource costs.