>> The probability that it arose from chance is equal to or less than 5σ
> That's not what p value means.
Yes, I know. Verbal shorthand and some associated risk of being misinterpreted.
> That's not what p value means.
Yes, I know. Verbal shorthand and some associated risk of being misinterpreted.
That's not what p value means. The p value is the probability that a high-variance random effect (centered around an average behavior of "nothing interesting") would yield a result as extreme as the observation, assuming that random distribution. You need Bayes theorem and highly subjective assumptons if you want to derive a posterior probability that an observed result was drawn by chance from a sample with a boring/interesting mean.