A test produces p-value = 0.03.
The p-value is best interpreted as:
- A
The probability that H₀ is true.
- Bcheck_circle
The probability of observing data this extreme or more, assuming H₀ is true.
- C
The probability of making a Type II error.
- D
The probability that Hₐ is true.
Explanation
P-value = P(observed or more extreme | H₀ true). It is NOT P(H₀).