Imagine the Value of a T-Statistic Is Less Than the Critical

question 67

Multiple Choice

Imagine the value of a t-statistic is less than the critical value for α = .01 but greater than the critical value for α = .05. Which of the following is the MOST appropriate way to report the level of significance?

• A) p < .01
• B) p > .01
• C) p > .05
• D) p < .05

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Definitions:

Direct Cost

Expenses that can be directly traced to producing specific goods or services, such as raw materials and direct labor.

Indirect Cost

Costs not directly traceable to a specific product or project, such as utilities or rent.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much contributes to covering fixed costs and generating profits.

Direct Manufacturing Cost

Costs that are directly attributable to the production of a specific product, including direct materials and direct labor.