When the Probability Is Less Then 1 in 20 That

question 36

True/False

When the probability is less then 1 in 20 that the result of a research study is due to chance,the results of the study are said to be non-significant.

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Definitions:

360-Day Year

A simplified accounting method that assumes there are 360 days in a year, used for calculating interest and other financial metrics.

Principal

The original sum of money borrowed in a loan, or the initial amount of investment, excluding interest or profit.

Ordinary Simple Interest

Interest calculated on the principal amount only, without compounding, over a specific period.

360-Day Year

An accounting convention used for interest calculations where the year is simplified to 360 days to ease the computation process.