P value interpretation — MRCPsych Paper A MCQ
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Correct answer: E — If the null hypothesis and test assumptions hold, a result this extreme or more extreme has a 3% probability.
Explanation lettering: C = shown as B · E = shown as C · B = shown as D · D = shown as E
D is correct. A p value is conditional on the null hypothesis and the assumptions of the statistical test: if these hold, p = 0.03 means there is a 3% probability of obtaining a test result at least as extreme as that observed. Because 0.03 is below the prespecified 0.05 threshold, the result is statistically significant. It does not quantify the probability that the null hypothesis is true or false, so C is incorrect. Clinical importance requires an effect estimate and confidence interval, excluding A. Power concerns the probability of detecting a specified effect and cannot be inferred as 97% from this p value, excluding B. Statistical significance also provides no assurance against bias, confounding or methodological error, excluding E.
Reference: Biau DJ, Jolles BM, Porcher R. P value and the theory of hypothesis testing: an explanation for new researchers. Clinical Orthopaedics and Related Research. 2010;468(3):885–892. https://pubmed.ncbi.nlm.nih.gov/19921345/