Which Best Represents the Correct Meaning of Statistical Significance of Differences

question 59

Multiple Choice

Which best represents the correct meaning of statistical significance of differences?

• A)The differences found in sample data may be found in other sample data.
• B)The differences found in sample data may be assumed to exist in the remainder of the sample.
• C)The differences found in the sample may be assumed to exist in the population.
• D)The differences found in the population may be assumed to exist in the sample.
• E)A significant difference means that managers will be able to use the difference in order to develop effective marketing strategies.

---

Definitions:

GDP

Describing the entire market price of all final products and services created within the confines of a country throughout a given timeframe as Gross Domestic Product.

Government Spending

Expenditures by government bodies on goods, services, and public projects to fulfill its various functions and responsibilities.

Trade Deficit

The circumstance where a country's expenditures on imported goods and services exceed the income from its exports, creating a negative trade balance.

Merchandise

Items available for sale in stores or online.