Significance Levels and p-values
Significance levels
Real World
When drug trials for antidepressants require p≤0.01 before approval, regulators are demanding stronger evidence than psychology's standard p≤0.05, reducing the risk of a false positive reaching patients.
Exam Focus
Always link your p-value to probability of a Type I error; state 'there is a 5% probability the result is due to chance' for full marks.
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