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P-value is the level of marginal significance within a statistical hypothesis test, representing the probability of the occurrence of a given event.
A uniform distribution is a probability distribution where all outcomes are equally likely. Due to its limited and unique values, a die exhibits uniform distribution.
The P value — the calculated probability of observing such an extreme relative risk, assuming a null hypothesis of no underlying difference in risk — can be calculated to be 0.0001, or 0.01% ...
The worst-case scenario would contain some value from the lower end of the probability distribution; the likely scenario would contain a value towards the middle of the distribution; and the best ...
The p-value won’t tell you whether the coin is fair, but it will tell you the probability that you’d get at least as many heads as you did if the coin was fair. That’s it — nothing more.
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