What Does a Statistical Significance of P<.05 Mean

question 82

Multiple Choice

What does a statistical significance of p<.05 mean?

• A) 5 percent of the subjects had favorable outcomes
• B) 5 participants out of populations obtained desired results
• C) 5 chances out of 100 that the results were significant
• D) 5 chances out of 100 that the results occurred by chance

Determine the carrying value and interest expense related to bonds.

Understand the significance of filler choices in lineup procedures and their impact on eyewitness accuracy.

Explain the process and implications of jury selection tactics, including peremptory challenges and challenges for cause.

Recognize the factors influencing juror decisiveness, such as eyewitness testimony and pretrial publicity.

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Definitions:

Taxed

Taxed refers to the imposition of financial charges or other levies upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Percent

A way to express a number as a part of 100, often used to describe proportions and changes in financial and statistical data.

Overtaxed

A condition where individuals or entities are subject to excessive tax rates relative to their income or profit.

Payroll Tax

Levies charged to both employers and employees, based on a percentage of the wages that employees receive from their employers.