Has anyone ever accused you of just getting ‘lucky’ at a sport, before?
Have you ever been mini-golfing and got a hole in one only to be told that you made a ‘lucky shot’? Well, what if you could do it again? And again? And again? At what point can it be determined that it was a result of skill and not blind chance? Good question, right?
That’s exactly what p-values help you define.
In $600/hr, I used the mini-golf analogy to help you understand this a little more fully, but here are a couple more helpful ways of understanding the power and importance of p-values.
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