A Statistical Significance Level of .05 Means That

question 57

Multiple Choice

A statistical significance level of .05 means that

• A)the probability that a relationship as strong as the observed one can be attributed to sampling error alone is 5 percent.
• B)we can be 5 percent sure that the relationship is real and not due to sampling error.
• C)there is an .05 percent chance that a relationship as strong as the observed one can be attributed to sampling error.
• D)the difference we observed in the table is 5 percent different.
• E)there is a 5 percent standard error in the observations.

Learn the factors that influence demand and how these factors are interrelated.

Grasp the concept of demand elasticity and its impact on pricing strategies.

Comprehend how consumer income levels affect buying power and demand.

Identify the characteristics of different competitive markets and how they influence pricing and demand.

---

Definitions:

Demeaned Social Status

A condition where an individual or group is viewed and treated with disrespect or undervalued by society or a specific social context.

Feminist Therapy

A therapeutic approach that emphasizes understanding the psychological impact of gender roles and societal gender inequalities on individuals' mental health.

Gender-sensitive Therapy

A therapeutic approach that considers and respects the client's gender identity, experiences, and the impact of gender-based issues and norms.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, gender, or disability.