The Selection of the Significance Level​

question 9

Multiple Choice

The selection of the significance level​

• A) is fixed at .05 for social science research.​
• B) ​depends on the size of the population.
• C) ​is arbitrary, although .05 is frequently used.
• D) ​must be decided after finishing the analysis.

---

Definitions:

Good B

An unspecified product referred to for the sake of example; characteristics or qualities would depend on the context.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specified period of time.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period, typically sloping downward.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a specific price level, during a specified period.