(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.
Investopedia explains Present Value (PV). This may sound confusing, but it really is not. The basic idea is that receiving $1,000 now is worth more than receiving $1,000 five years from now, because a person who has money today can invest it and receive an additional return over the five years.resent value of money is important in calculating bond yields, the value of annuities, and many other transactions. It is also used in comparing the value of two amounts of money existing in different times.