Feb 13
6 min read
Don’t Poo-Poo the P-Value
Statistical significance shouldn’t be dichotomous, should it?
Suppose you compare a new medication against an old medication, both designed to lower cholesterol. The old medication lowered cholesterol by an average of 50 points, and the new medication lowers cholesterol by an average of 75 points. You think the new medication is good until you see that the p-value for the…
