What’s the value of this value?

“`The p-value was never intended to be a substitute for scientific reasoning,’ the ASA’s executive director, Ron Wasserstein, said in a press release.”

 

Note that p-values are metrics, measures of a particular probability under certain assumptions.  As usual, the Goal – Question/Signal – Metric framework is appropriate:  the goal would be to determine, say, if a new drug is efficacious in the treatment of some condition; the question would be whether or not it could reasonably be concluded to be the cause of some observed effect in some experimental trial; and the p-value would be a metric that would help answer that question.

 

http://fivethirtyeight.com/features/statisticians-found-one-thing-they-can-agree-on-its-time-to-stop-misusing-p-values/

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