The p-value measures:
A) The probability that the regression equation is reliable.
B) The statistical significance of the dependent variable.
C) The risk that a particular independent variable has only a chance relationship to the dependent variable.
D) The confidence range around the regression prediction.

Question

Quizplus · Accepted Answer

The p-value measures the risk that a particular independent variable has only a chance relationship to the dependent variable. It tells us whether the relationship between the independent variable and the dependent variable is statistically significant or just due to chance. If the p-value is low (usually less than 0.05), we can reject the null hypothesis and conclude that there is a significant relationship between the two variables. If the p-value is high, we cannot reject the null hypothesis and must assume that the relationship is not statistically significant.

The P-Value Measures