What is a good p-value?

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In one of my interviews, I was asked if p-value for a variable should be close to 0 or close to 1 ?

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TheDataMonk 4 years 1 Answer 976 views Grand Master 0

Answer ( 1 )

  1. In statistical significance testing, it is the probability of obtaining a test statistic at least as extreme as the one that was actually observed, assuming that the null hypothesis is true.
    So, you must not have p-value near to 1 as it will mean your answer is more likely to be random.

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