The Observed Significance of a Test
The p-value Approach to Hypothesis Testing
Key Takeaways
- The observed significance or
-value of a test is a measure of how inconsistent the sample result is with 
and in favor of 
. - The -value approach to hypothesis testing means that one merely compares the -value to
instead of constructing a rejection region. - There is a systematic five-step procedure for the -value approach to hypothesis testing.