If Your Results Were Significant at P<.001

question 58

Multiple Choice

If your results were significant at p<.001:

• A) the probability that the results occurred by chance is less than 1 in 1000.
• B) the probability of being correct is less than 1 in 1000.
• C) the probability that the experimental manipulation worked is less than 1 in 1000.
• D) none of these

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Definitions:

Allowance For Bad Debts

An estimate of the amount of credit sales that are expected not to be collected, which is subtracted from total receivables in a company's financial statements to show a more accurate picture of net revenue.

Sales Volume

The total quantity of sales of a product or service within a specified period.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term and long-term obligations, calculated as current assets divided by current liabilities.

Stock Dividend

A distribution of a corporation's earnings to its shareholders in the form of additional shares rather than cash.