What does the P-value mean in terms of statistical data?

Data Science, AI and ML
#1

The p-value is the probability for a given statistical model that, when the null hypothesis is true, the statistical summary would be the same as or more extreme than the actual observed results.

When,

P-value>0.05, it denotes weak evidence against the null hypothesis which means the null hypothesis cannot be rejected.

P-value <= 0.05 denotes strong evidence against the null hypothesis which means the null hypothesis can be rejected.

P-value=0.05 is the marginal value indicating it is possible to go either way