(noun) a liquid or semi-liquid edible dressing or condiment served as an accompaniment to or an ingredient in a meat, dessert, or other food: pizza sauce, steak sauce, cranberry sauce, chocolate sauce, etc., or (verb) to add said sauce to something.
All hypothesis tests ultimately use a p-value to weigh the strength of the evidence (what the data are telling you about the population). The p-value is a number between 0 and 1 and interpreted in the following way: A small p-value (typically â¤ 0.05) indicates strong evidence against the null hypothesis, so you reject the null hypothesis.
âPar valueâ is simply a legal term. Par Value Definition. âPar valueâ is also referred to as face value, par or nominal value of common stock. Par value refers to the value written on the face of the common stock certificate or in the corporationâs organization or operating documents. In the formation of a corporation and registration with the secretary of state, many states mandate that the founders issue stock with a specified par value.