An Effect That Is Large Enough to Occur Less Than

question 60

Multiple Choice

An effect that is large enough to occur less than 5 percent of the time if the null hypothesis were true is called a:

• A) meaningful statistical effect.
• B) statistically important effect.
• C) statistically significant effect.
• D) meta-analytic effect.

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Definitions:

Wagering

The act of betting or gambling money on an outcome that is largely subject to chance.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Pecuniary Interest

A financial interest, or the prospect of financial gain or loss, that may influence an individual's decisions or actions.

Insurable Interest

A financial or economic stake in the life or property insured, allowing an individual or entity to purchase insurance on the item or person.