If a Test Has Been Found to Be Statistically Significant

question 97

Multiple Choice

If a test has been found to be statistically significant at the .05 level, the probability of getting this result by chance alone is

• A) exactly 5 times out of 100.
• B) equal to or more than 5 times out of 100.
• C) equal to or less than 5 times out of 100.
• D) more than 5 times out of 1,000.

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Definitions:

Usefulness

The ability or quality of being able to serve a purpose effectively or efficiently.

Utility

A term in economics that refers to the total satisfaction received from consuming a good or service.

Satisfaction

The fulfillment of one's wishes, expectations, or needs, or the pleasure derived from this fulfillment.

Consumer

A person or collective who buys products or services for their own consumption.