In a test of statistical hypotheses,what does the P-value tell us?

A) If the null hypothesis is true
B) If the alternative hypothesis is true
C) The largest level of significance at which the null hypothesis can be rejected
D) The smallest level of significance at which the null hypothesis can be rejected

P-value

It quantifies the likelihood of observing the collected data if the null hypothesis were true, used in hypothesis testing as a critical component.

Null Hypothesis

A hypothesis that assumes no significant difference or effect, serving as the default assumption in statistical hypothesis testing.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis; it suggests there is an actual effect or difference.