A starts by assuming a specific null model, usually a world where there is no real effect, no difference, or no association of the kind being tested. It then asks how often that model would produce data at least as extreme as what you observed. The p-value is therefore a statement about the data under an assumption. It is not a direct statement about the assumption itself.
The swaps that mislead
The common mistake is to reverse the conditional . People read p = 0.03 as a 3% chance that the result is a fluke, or a 97% chance that the hypothesis is true. The does not say either thing. It assumes the null model and measures the surprise of the observed data. To judge whether a claim is true, you also need the plausibility, study design, measurement quality, , and whether similar studies agree.
Significant is not important
and practical significance are different. With a huge , a tiny effect can produce a very small , even if the difference is too small to matter in real life. With a small sample, an important effect may fail to reach a conventional cutoff because the study is too noisy. The p-value tells you how incompatible the data are with the null model, not whether the effect is large enough to change a decision.
How to read it
Use a as one diagnostic, not as a verdict. Read it beside the , the , the , the number of tests tried, and the study design. Ask whether the hypothesis was planned before seeing the data, whether the measurement is credible, and whether the same pattern appears elsewhere. A small p-value can be a useful signal; it becomes dangerous only when it is treated as proof by itself.
FAQ
Does p = 0.05 mean there is a 95% chance the effect is real?
No. It means that data at least this extreme would occur about 5% of the time under the tested null model. The probability the effect is real requires more information than the p-value alone contains.
Can a tiny p-value still describe an unimportant result?
Yes. Large samples can make very small effects statistically detectable. You still need the effect size and real-world context to decide whether the detected difference matters.
Move the estimate and watch both summaries change.
estimate: +1.5
null value
estimate
-0.5 to +3.5
95% interval
.134
p-value
At an estimate of +1.5, the 95% interval still spans the null value and p = .134. The two agree: an interval that includes 0 is exactly the case where p stays above 0.05.
Quick Check
A study reports p = 0.03. Which plain-language translation is correct?
A
There is a 97% chance the study's claim is true.
B
The effect is large enough to matter in practice.
C
Results at least this unusual would occur about 3% of the time if there were really no effect.