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p value
The p value is the probability of the experiment having given the result it did purely by chance. The threshold of significance is almost always 0.05 so that if the probability of a chance outcome is less than 1 in 20, the experimental result is declared to be significant. There are other important thresholds as summarized in the following table

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Research Methods in Psychology - 4th American Edition @ KPU
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Misinterpretations of the p-value
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What does a p value represent in the context of psychological research?
If a psychology researcher calculates a p-value of 0.08, they will typically declare the experimental result to be statistically significant.
A social psychologist is analyzing data from four different studies. Based on the standard thresholds for statistical significance provided in the table, match each study's obtained p value with its correct interpretation.
A psychologist is comparing findings across four different research studies. Based on the definition of a p value and the significance thresholds provided in the table, arrange these findings in order from the outcome LEAST likely to have occurred by chance to the outcome MOST likely to have occurred by chance.
According to the standard threshold of significance () in psychology, a research result is typically declared significant if the probability of it occurring purely by chance is less than in how many?
Misinterpretation of the p Value
Determinants of the Value
Based on the significance thresholds provided in the table and the definition of a value, match each statistical label with the correct description of its probability occurring purely by chance.
A researcher obtains a value of and labels the result 'highly significant' (). According to standard significance thresholds, where and , this labeling is _____.
A cognitive psychologist conducts an experiment on learning styles and calculates a value of . Applying the standard threshold of significance () described in the text, the researcher should declare this result to be statistically significant.
According to the standard threshold of significance (), a psychological research result is typically declared significant if the probability of the outcome occurring purely by chance is less than 1 in _____.
Evaluate the following three experimental results and arrange them in order from the outcome representing the lowest probability of occurring purely by chance (1) to the outcome representing the highest probability of occurring purely by chance (3).