After applying a statistical test, an investigator gets the &;p value&; as 0.01. It means that-
<p> The probability of declaring a significant difference is 1%. Reference:Simple Biostatistics by Indrayan & Indrayan,1st edition,pg no:155-56.. <\p>
The probability of finding a significant difference is 1%
The probability of declaring a significant difference, when there is truly no difference, is 1%
The difference is not significant 1% times and significant 99% times
The power of the test used is 99%
Biostatistics