If we obtain a p value from a statistical test at < 1%, an observations are found

Fantastic news! We've Found the answer you've been seeking!

Question:

If we obtain a "p" value from a statistical test at < 1%, an observations are found statistically significant at this level, how often would the observed differences occur by chance? A) 1 in 5 B) 1 in 10 C) 1 in 20 D) 1 in 100 E) 1 in 200

Posted Date: May 19, 2024 10:15 AM

See More Questions

Did Hopkins materially misrepresent his health when applying for insurance? Does Golden Rule have the right to rescind his insurance policies?
Waterway Industries sells its product for $6600 per unit. Variable costs per unit are: manufacturing, $2800, and selling and administrative, $75. Fixed costs are: $18000 manufacturing overhead, and...
Suppose you own stock in a company. The current price per share is $25. Another company has just announced that it wants to buy your company and will pay $35 per share to acquire all the outstanding...
Work backward to find missing values (Learning Objective 2) Hanco has a relative range extending to 30,000 units each month. The following performance report provides information about Hancos budget...
Lou Hoskins and Shirley Crothers are organizing Red Lodge Metals Unlimited Inc. to undertake a high-risk gold-mining venture in Canada. Lou and Shirley tentatively plan to request authorization for...
500 g of a radioactive element is decaying exponentially. After 6 days 362 g of the element is left a. Write a function in the form y = yo e "" giving the number of grams of the element after t days....
these are oil and gas companies, i need help is analyzing thedata, to fill the table and answer the following questions. I willattach some slides and you can also search for more information(last S...
Worksheet Identify each of the 10 amount columns of the worksheet and indicate to which column the adjusted balance of the following accounts would be extended: a. Accounts Receivable b. Accumulated...
Use the information provided in E3-11B to prepare journal entries to close the accounts using the Income Summary account. After these entries are posted, what is the balance in the Retained Earnings...
Trial Balance and Adjusting Entries Image, Inc., a commercial photography studio, has just completed its first full year of operations on December 31. The general ledger account balances before...
The following selected accounts appear in the Bullard Company's unadjusted trial balance as of December 31, the end of the fiscal year (all accounts have normal balances): Required Prepare the...
Washington Distributors, whose accounting year ends on December 31, had the following normal balances in its ledger accounts at December 31: During the year, the accounting department prepared...
Why does fringe benefits need to be tracked separately? It seems that it ends up being part of direct costs anyway. What is gained by tracking fringe benefits for a government contract?
A company has the following incomplete production budget data for the first quarter: In the previous December, ending inventory was 200 units, which was the minimum required, at 10% of projected...
Labor mix and yield variances The Bloomington Park Department plans to offer free swimming lessons to children under 14 years of age who want them. The manager of the department estimates that 6,000...
Material mix and yield variance with shrinkage The Mercantile Solvents Company makes X-Myer-K, a powerful rust remover. The standard material mix calls for 80 gallons of XZ-Ote at $1.25 per gallon...
Material and labor variance analysis A plant food, called Flower-Bloom, is made by the Ari F. Horticultural Company. The product is manufactured in 50-ton batches and sold in bulk to another company...

If we obtain a p value from a statistical test at < 1%, an observations are found

Question:

Expert Answer:

Students also viewed these mathematics questions