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What is meant by the termstatistical significance? And how is significance different from meaningfulness? What are the conventional levels of significance set by most researchers?What

What is meant by the termstatistical significance? And how is significance different from meaningfulness? What are the conventional levels of significance set by most researchers?What do these values mean(i.e.,pvalues of.05and.01)?Explain the meaning of these values in your own words and provide examples utilizing hypotheses from the field of psychology.

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