P-value A medical researcher tested a new treatment for poison ivy against the traditional ointment. He concluded that the new treatment is more effective. Explain what the P-value of 0.047 means in this context.
1/22/2018 OneNote Online Introduction to Data Monday, January 8,7:14 PM • Chapter one is intended to be an overview (not in depth.) ○ Will be referenced to in the future, perhaps in a chapter. • Statistics is the science of collecting, analyzing, organizing, and summarizing data in order to answer or draw conclusions. ○ Answering questions is different than drawing a conclusion. ○ It is important to interpret data accurately because it can lead to wrong usage. • Data Sources ○ Population ▪ Refers to the entire group. ▪ Can be infinite. ▪ Often difficult to measure entire population.