P value = 0

[ezoo]

In the CFA topic tests for quant they often have pvalue’s of 0. It seems like in epxlanations that means the estimate is highly significant. Am I thinking of that correctly?

 

[Flashback]

It is often expressed as 0,00xxx
Under 95 % significance p-values of 0,05 or below are significant and above not.

 

[saurabhm]

yes, am not an expert but I know that p value less than 0.05 is considered significant

 

[S2000magician]

In technical terms, it means that your critical value test statistic is whacking big.

 

[ezoo]

thank you all!

 

[S2000magician]

My pleasure.

 

[tickersu]

S2000magician wrote:
In technical terms, it means that your critical value test statistic is whacking big.

Remember, the critical value is the cutoff we look up in the table (and corresponds to alpha), and the calculated test statistic (test statistic) is the one that we observe (and corresponds to the p-value).

 

[S2000magician]

tickersu wrote:

S2000magician wrote:In technical terms, it means that your critical value test statistic is whacking big.

Remember, the critical value is the cutoff we look up in the table (and corresponds to alpha), and the calculated test statistic (test statistic) is the one that we observe (and corresponds to the p-value).

Good catch.
I corrected the original so that people don’t get confused.