A .05 Level of Significance Means That​

question 2

Multiple Choice

A .05 level of significance means that​

• A) ​there is only a 5% chance that the statistic's value could be obtained as a result of sampling errors only.
• B) ​one is 50% certain that the sample value is representative of the population.
• C) ​there is only a 5% chance that the variables tested are not independent.
• D) ​the results can be accepted because the sampling error is only 5%.
• E) the level of confidence is only 5%.​

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Definitions:

Self-Confidence

The belief in one's abilities and judgment, often reflecting a sense of self-esteem or self-assurance.

Narcissism

A personality trait characterized by excessive self-focus, self-admiration, and a lack of empathy for others.

Self-Love

The regard for one's own well-being and happiness, often considered as a positive trait.

Self-Serving Bias

A common cognitive bias that leads individuals to attribute their successes to internal factors while blaming external factors for their failures.