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Assuming That the Null Hypothesis Is True, a P-Value Is

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Assuming that the null hypothesis is true, a p-value is the probability of observing a sample value greater than and/or less than an observed sample observation.


Definitions:

Open Innovation

A business model that encourages sharing ideas and innovations with others outside the organization to accelerate development and leverage external expertise.

Extrinsic Motivation

Motivation that stems from the work environment external to the task; it is usually applied by others.

Innovation

The process of creating, developing, and implementing new ideas, products, or methods to improve or replace existing ones.

Extrinsic Rewards

Benefits or incentives given to an individual that are external to the task being performed, such as money, praise, or awards.

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