According to standard convention,when is statistical significance achieved?
A) when the results could have occurred by chance 1 or fewer times in 100 possible outcomes
B) when the results could have occurred by chance 5 or fewer times in 100 possible outcomes
C) when the results could have occurred by chance 10 or fewer times in 100 possible outcomes
D) when the results could have occurred by chance 15 or fewer times in 100 possible outcomes

Question

Quizplus · Accepted Answer

Standard convention for statistical significance is achieved when the results could have occurred by chance 5 or fewer times in 100 possible outcomes. This is usually represented by a p-value of less than or equal to 0.05.

According to Standard Convention,when Is Statistical Significance Achieved