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Suppose a plug-in MLE of a characteristic Oψ(θ) is given by 5.3. Also a P-value was…

Suppose a plug-in MLE of a characteristic Oψ(θ) is given by 5.3. Also a P-value was computed to assess the hypothesis Suppose a plug-in MLE of a characteristic Oψ(θ) is given by 5.3. Also a P-value was... you are told that differences among values of ψ(θ ) less than 05 are of no importance as far as the application is concerned, then what do you conclude from these results? Suppose instead you were told that differences among values of O(θ) less than 025 are of no importance as far as the application is concerned, then what do you conclude from these results?