(See Solution) When a researcher reports a p value, "p" stands for "probability" or risk. What probability does this p refer to? Do we typically want p


Question: When a researcher reports a p value, "p" stands for "probability" or risk.

  1. What probability does this p refer to?
  2. Do we typically want p to be large or small?
  3. What is the conventional standard for an "acceptably small" p value?

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