What Is a Standard Probability That Is Accepted by Most

question 56

Multiple Choice

What is a standard probability that is accepted by most researchers as statistical significance?

• A) 10%
• B) 5%
• C) 0.05%
• D) 0.01%

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Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter at a specified confidence level.

Population Mean

The mean value of all the elements within a population.

Sample Size

The number of observations or data points used in a study or experiment.

Confidence Level

The probability with which a statistical estimate can be expected to contain the true parameter value.