3 SD
away (i.e., beyond the probability of 99.7% of the normal distribution), which is 0.3% = 0.003
Therefore, the p-value is 0.003
The probability of getting a result more extreme than 1.05 seconds given the Null Hypothesis is True, is 0.3% and is called the p-value. This rejects the Null Hypothesis.
In this example, we performed a Parametric Statistical Hypothesis Tests.Sometimes, P is the probability that two variables are independent (i.e., Correlation Test). See More Use Cases