Implementing Monte Carlo tests with p‐value buckets
Implementing Monte Carlo tests with p‐value buckets
Abstract Software packages usually report the results of statistical tests using p‐values. Users often interpret these values by comparing them with standard thresholds, for example, 0.1, 1, and 5%, which is sometimes reinforced by a star rating (***, **, and *, respectively). We consider an arbitrary statistical test whose p‐value …