p value Calculator in Excel
Calculating a p value is Easy - Interpreting It is Hard
One subject that inspires much head-desk banging is interpreting the results of statistical hypothesis tests. It seems that students easily learn how to perform the calculations required by a given test but get hung up on interpreting the results.
- Student Post on Cross Validated
Any Statistical Software package, including Excel, can calculate p values. However, very few will help you interpret the results. Fortunately, QI Macros Add-in for Excel does both.
QI Macros Calculates p values and Interprets Them for You
A p value (probability value) is used in hypothesis testing to determine the statistical significance of what a sample is telling you about a population.
Strength of Evidence
Reject the Null Hypothesis?
Means and Variances
|Strong evidence against the null hypothesis||Reject the null hypothesis||Means or Variances are not the same|
greater than 0.05
|Weak evidence against the null hypothesis||Fail to reject the null hypothesis||Means or Variances are the same|
|p-value = .05
or is close to it
Evidence does not point strongly either way
|Can either reject or
fail to reject the null hypothesis
|Means or Variances may be the same.|
Note: .05 and .01 are the most common levels of significance used.
Example of a QI Macros t test and p value calculation
QI Macros compares the p-value to the significance level for you and translates that into whether you can reject or cannot reject the null hypothesis. It further interprets whether the means are equal (the same) or not equal (different.)
QI Macros results are also interactive and let you change the significance level and Hypothesized Difference in Means to see what impact those changes have on your results. See areas outlined in red in the results image above.
Why Choose QI Macros Statistical Software for Excel?
- Only $279 USD - less with quantity discounts
- No annual fees
- Free Technical Support
Easy to Use
- Works Right in Excel
- Interprets Results for You
- Accurate Results Without Worry
Proven and Trusted
- 100,000 Users in 80 Countries
- Celebrating 20th Anniversary
- Five Star CNET Rating - Virus Free