When to accept or reject the null hypothesis based on the p-value
Hi,
When using this online p-value calculator, the red color of the text means that the result is not significant, given the significance level you have chosen meaning I will accept the null hypothesis right?
then when using this online p-value calculator, the blue color of the text means that the result is significant, given the significance level you have chosen thus rejecting the hypothesis?
Is my understanding correct here?
Thank you in advance.
Best,
Christian
Yes, you're right.
"The result is extremely significant" -> the P-value is lower than alpha even at a 99% significance level; the null hypothesis is rejected.
"The result is not significant" -> the p-value is higher than alpha (whatever significance level we've chosen); the null hypothesis must be accepted at said significance level.