What Is the Conventional Level of Probability That Is Often

question 8

Multiple Choice

What is the conventional level of probability that is often accepted when conducting statistical tests in social science and business?

• A) 0.1
• B) 0.05
• C) 0.5
• D) 0.001

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Definitions:

Continuing Rise

An ongoing increase or upward trend in a particular metric, such as price, value, or volume.

Recession

A decline in production, employment, and income.