A Significance Level of P < 0

question 29

Multiple Choice

A significance level of p < 0.05 in a validity study means ________.

• A) that there are fewer than 5 chances in 100 of concluding there is a relationship in the population of job applicants, when in fact, there is not
• B) that there are 5 chances in 100 of concluding that there is not a relationship in the population of job applicants, when in fact, there is
• C) that the practical significance of the observed relationship is very low
• D) that there are fewer than 5 chances in 100 that a predictor has adverse impact

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Definitions:

Long-term Earnings Growth

The increase in an organization's earnings over a substantial period, indicating healthy financial growth and potential for future investments.

Strategy/Environment Fit

The alignment or congruence between an organization's strategy and its external environment to optimize performance.

Cost Focus Strategy

A business approach aimed at being the lowest cost provider in a specific niche or segment.

Competes Worldwide

The capability of an organization or entity to engage and perform in international markets against global competitors.