Hi Dear,
1) If a test e.g. a t-test is conducted at 95 % confidence level, and we get p-values such as 0.0519 and 0.0450, is it OK to round them to 2 decimal points to make an inference? Just in case if it matters, the inference would be related to some analysis in Economics field.
2) If we can possibly round them, then in case of the above mentioned values being exactly at 5 %, what is a common and most acceptable practice in terms of acceptance or rejection of null hypothesis? P-value exactly at 5 % accepts or rejects the null hypothesis of a test conducted at 95 % confidence level?
I have already done my google search, but I am still inclusive about it. Therefore, I request for the opinions here.
Thank you.
0 Response to P-values
Post a Comment