Question

If you obtain a p-value of 0.04, what does it mean in terms of statistical significance?

I. There is a 96% chance that these results are not significant.
II. There is a 4% chance that these results are random.
III. There is a 4% chance that these results are not random.
IV. There is a 96% chance that these results are significant.
V. There is a 96% chance that these results are not random.
VI. There is a 4% chance that these results are significant.

CHOOSE YOUR ANSWER FROM THE FOLLOWING
1. IV only
2. II only
3. II and IV only
4. III only
5. II and III only
6. All of these

Answer 1

A p-value of 0.04 means there is a 4% chance of observing the data if the null hypothesis is true. The results are statistically significant and reject the null hypothesis.

Step-by-step explanation:

The p-value represents the probability of obtaining results as extreme as or more extreme than the observed results, assuming that the null hypothesis is true. In this case, a p-value of 0.04 means that there is a 4% chance of observing the data if the null hypothesis is true.

Since the p-value is less than the typical significance level of 0.05, we can conclude that the results are statistically significant and reject the null hypothesis in favor of the alternative hypothesis.