Like Most Sciences, Psychology Has Accepted as a Standard for Statistical

question 97

Multiple Choice

Like most sciences, psychology has accepted as a standard for statistical significance the odds of 5 out of 100 that an observed result is ____.

• A)true
• B)due to error
• C)due to chance
• D)false

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Definitions:

Present Value

The present value of a future amount of money or series of cash payments, calculated using a particular return rate.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities at any given time.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender over a specific period.

World's Population

The total number of people living on Earth at any given time, an ever-changing figure due to births, deaths, and migration.