I am testing the effect of different concentration of simvastatin on pancreatic beta cell line at 24 h and 72 h. which statistical test would be relevant here?? what is the importance of p value in this experiment? Thank you
When your research is in any ways tied to a real-world application (e.g., pharmaceutical applications), the p-value is meaningless. Why? Because the p-value is a single number that depends on effect size, amount of noise and sample size simultaneously.
You should rather focus on parameter estimation with regression models. That gives you the effect size together with a level of certainty. The effect size, in turn, is an indicator for the practical value of the treatment.