A research group is evaluating the effects of Drug X versus placebo on lowering blood glucose levels in type II diabetes. Following completion of the study, the group determines that Drug X lowers blood glucose in comparison to the placebo, with a p-value of 0.03, α of 0.05, and power of 80%. Which of the following conclusions can most likely be drawn from this information?
A) There is a 3% chance these results would occur by chance if the alternative hypothesis is true
B) There is a 97% chance the null hypothesis is false
C) There is a 3% chance a type I error occurred
D) There is a 5% chance a type I error occurred
E) There is a 20% chance a type II error may occur over many repeated studies
