A correlation coefficient that is significant at the p

Question

A correlation coefficient that is significant at the p < .01 level
A) has a 99% chance of being accurate.
B) could have been expected to occur by chance alone one time or less in 100.
C) could have been expected to occur by chance alone 99 times or more in 100.
D) accounts for about 1% of the variance.

Quizplus · Accepted Answer

A correlation coefficient that is significant at the p < .01 level means that the probability of obtaining that correlation coefficient by chance alone is less than 1 in 100 (or less than 1%). Therefore, choice B is the best answer.

A Correlation Coefficient That Is Significant at the P