Which of the Following Statements Must Be True Regarding a P-Value

question 33

Multiple Choice

Which of the following statements must be true regarding a p-value of .0001?

• A)Since this p-value is so small, the results will have practical as well as statistical significance.
• B)The magnitude of the effect found in this study must have been huge.
• C)There must have been very little variability in the results of this study.
• D)None of the above.

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Definitions:

Random Variation

Natural fluctuations in the data occurring due to chance variations, which are inherent in any process or measurement.

Error Term

Represents the component of an observed variable that is not explained by the model used to estimate the variable, capturing the random variability in the data.

Time Trend

A pattern or direction in data that shows movement over a period of time.

Indicator Variable

A variable used in statistical models that takes on the value of 0 or 1 to indicate the absence or presence of some categorical effect or feature.