When the Outcome of an Inferential Statistical Test Is Said

question 31

Multiple Choice

When the outcome of an inferential statistical test is said to have statistical significance we would conclude that the observed results are most likely due to

• A)error.
• B)chance.
• C)the treatment.
• D)probability.

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Definitions:

Bet

A wager or gamble where an individual risks a certain amount of money or valuables on the outcome of an uncertain event.

Random Variable

A variable whose possible values are outcomes of a random phenomenon, often used in probability and statistics.

Soft Drink

A non-alcoholic beverage usually carbonated, sweetened, and flavored, including sodas and cola drinks.

Different Prices

The phenomenon that occurs when a seller sets varied prices for the same product in different markets or purchase contexts, often reflecting variations in demand elasticity.