P-values, or probability values, are “commonly used to test (and dismiss) a ‘null hypothesis’, which generally states that there is no difference between two groups, or that there is no correlation between a pair of characteristics. The smaller the P value, the less likely an observed set of values would occur by chance — assuming that the null hypothesis is true. A P value of 0.05 or less is generally taken to mean that a finding is statistically significant and warrants publication.” (1)
Moved by growing concerns about the reproducibility of research, the American Statistical Association (ASA) issued a statement in March 2016 to address the widespread misuse of p-values. ¹
In this article, Retraction Watch supplies a set of six principles pulled from the statement and shares its interview with Ron Wasserstein, the ASA’s executive director.