Inferential Statisticshard
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In a clinical trial comparing a new drug to a placebo, the treatment effect is measured by the log-odds ratio . The researchers observe the Wald statistic and calculate a p-value of 0.048. However, an analysis of the likelihood surface reveals severe skewness. Which of the following statements best describes the risk of relying on this Wald-based p-value?
In a clinical trial comparing a new drug to a placebo, the treatment effect is measured by the log-odds ratio . The researchers observe the Wald statistic and calculate a p-value of 0.048. However, an analysis of the likelihood surface reveals severe skewness. Which of the following statements best describes the risk of relying on this Wald-based p-value?