Did you know...
...that the p-value of 0.05 is considered an important threshold for statistical significance in psychology?
It indicates whether results are unlikely to have occurred by chance. If the p-value is less than 0.05, psychologists assume that an observed effect is real and not a product of chance. Let's say a new method for reducing stress is being tested and the p-value is 0.03. This means that there is a high probability that the observed improvements are not due to chance, but actually have a significant effect on stress reduction. Researchers use this criterion to check the validity of their study results.
A small p-value – great significance for research!
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