What is the conventional level of probability that is often accepted when conducting statistical tests?
A) .1
B) .05
C) .5
D) .001

Question

Quizplus · Accepted Answer

The conventional level of probability that is often accepted when conducting statistical tests is .05, which means there is a 5% chance that the results were due to random chance. This level of significance is widely used in many fields, including social sciences, biology, and psychology. It provides a balance of reducing the chance of a Type I error (rejecting a true null hypothesis) while still allowing for some flexibility in findings.

What Is the Conventional Level of Probability That Is Often