##  [P-Value](/p-value) 

  ##  [P-Value](https://econbiz.quantumdictionary.io/p-value-1) 

  

 [![Economics & Business Dictionary](/sites/default/files/styles/large/public/2026-01/Economics%20%26%20Business.png.webp?itok=vhJhN5nM)](/topic-specific-dictionaries/social-sciences/economics-business)

- Social Sciences -

**Economics & Business Dictionary**

 







 

 

 

 



 

 

 

 

Definition

An economics and business concept defining a measure, method, or organizational practice used for analysis and decision-making. It specifies how information is generated or used to guide allocation of resources and evaluation of outcomes. It does not ensure correctness without clear assumptions, reliable inputs, and appropriate review of results.



 

 

 

 

 





 

 



 ##  [P-Value](https://natural.quantumdictionary.io/p-value-0) 

  

 [![Natural & Formal Sciences Dictionary](/sites/default/files/styles/large/public/2026-01/Natural%20%26%20Formal%20Sciences.png.webp?itok=2kCDRVQv)](/topic-specific-dictionaries/natural-formal-sciences)



**Natural & Formal Sciences Dictionary**

 







 

 

 

 



 

 

 

 

Definition

Given a specified null model and a test statistic computed from data, the p-value is the probability, under the null model, of observing a test statistic at least as extreme as the observed value.