Today, I have had an overview of the p-value, which, in my opinion, can be described as the probability under the null hypothesis, indicating a result that is as extreme or more extreme than the observed data.
In simpler terms, it informs you whether the outcomes derived from your data are statistically significant or simply the product of an irregular event. So far haven’t applied it in my project yet, however it may come in handy once I have a hypothesis ready.