p-value

In statistical hypothesis testing, the p-value is the probability of obtaining a result at least as extreme as a given data point, assuming the data point was the result of chance alone. The fact that p-values are based on this assumption is crucial to their correct interpretation.
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A statistics term. A measure of probability that a difference between groups during an experiment happened by chance. For example, a p-value of .01 (p = .01) means there is a 1 in 100 chance the result occurred by chance. The lower the p-value, the more likely it is that the difference between groups was caused by treatment.