If the p-value of a statistical test was .03, it would indicate the chance of making a _____ is 3 chances out of 100.
A) type 1 error
B) type 2 error
C) type 1 or type 2 error
D) type 1 and type 2 error

Question

Quizplus · Accepted Answer

A p-value of .03 indicates that there is a 3% chance of making a type 1 error, which is rejecting the null hypothesis when it is actually true. Type 2 errors relate to the failure to reject a false null hypothesis, and are not directly related to p-values.

If the P-Value of a Statistical Test Was