A Significance Level of P < 0

question 29

Multiple Choice

A significance level of p < 0.05 in a validity study means ________.

• A) that there are fewer than 5 chances in 100 of concluding there is a relationship in the population of job applicants, when in fact, there is not
• B) that there are 5 chances in 100 of concluding that there is not a relationship in the population of job applicants, when in fact, there is
• C) that the practical significance of the observed relationship is very low
• D) that there are fewer than 5 chances in 100 that a predictor has adverse impact

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Definitions:

Stakeholder Code

A set of guidelines or principles designed to manage relationships and communications with individuals or groups having an interest in an organization's activities.

Mission Statement

A short declaration that outlines an organization's purpose, objectives, and approach in serving its stakeholders.

American Marketing Association

An organization for individuals engaged in marketing, both practitioners and academics, on a global scale.

Statement of Ethics

A formal document outlining the ethical guidelines and principles that a company or organization commits to uphold.