A p-value less than 0.05 is typically considered to be statistically significant, in which case the null hypothesis should be rejected. A p-value greater than 0.05 means that deviation from the null hypothesis is not statistically significant, and the null hypothesis is not rejected. What Does a P-Value of 0.001 Mean?
What is a p 0.05 threshold?
The most common threshold is p < 0.05; that is, when you would expect to find a test statistic as extreme as the one calculated by your test only 5% of the time. But the threshold depends on your field of study – some fields prefer thresholds of 0.01, or even 0.001.
Is a p -value of 0.05 statistically significant?
If one had a predefined level of statistical significance at 0.05 then one would claim that the outcome is statistically significant since it’s p -value of 0.01 meets the 0.05 significance level (0.01 ≤ 0.05).
