Playing with Power: P-Values Pt 3: Crash Course Statistics #23

 We're going to finish up our discussion of p-values by taking a closer look at how they can get it wrong, and what we can do to minimize those errors. We'll discuss Type 1 (when we think we've detected an effect, but there actually isn't one) and Type 2 (when there was an effect we didn't see) errors and introduce statistical power - which tells us the chance of detecting an effect if there is one.

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