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Statistics in Data Science - Interview Questions
What do you think of the phrase 'p-value'?
It is a number that helps determine the probability of a random occurrence when evaluating a hypothesis. In statistics, the p-value indicates how likely it is that a particular dataset occurred by chance. If the p-value is less than alpha, we can conclude that there is a probability of 5% that the experiment results occurred by chance or 5% of the time, we would see these results.
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