A Result That Is Significant at the

question 240

Multiple Choice

A result that is significant at the .05 level indicates that:

• A) the result was obtained purely by chance and is not real.
• B) the probability that the result is due to real differences between groups is .05.
• C) there is a positive relationship between variables.
• D) the probability that the result occurred by chance is low, and therefore the result is probably real.

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Definitions:

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the profitability of a company beyond basic accounting measures.

Economic Losses

Financial losses that occur when the cost of production exceeds the revenue generated from sales.

Total Output

The total quantity of goods or services produced by a firm or economy in a given period.

Fixed Amount

A specific, unchanging quantity or sum, often used in financial contexts to denote a constant payment or investment.