A researcher computes a test statistic and finds that the p value for this test is 0.03. What does this result mean?
A. There is a 3% likelihood of obtaining the test statistic value, if the null were true.
B. The probability of committing a type I error if we retain the null hypothesis is 3%.
C. The probability of committing a type II error if we reject the null hypothesis is 3%.
D. There is a 3% likelihood that the researchers’ hypothesis is correct.
Ans: A
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