Which of the Following Is the Most Likely Way for Results

question 76

Multiple Choice

Which of the following is the most likely way for results of a t test for dependent means to be presented in a research article for a study with 25 participants?

• A)t test(25)< significant
• B)t test(25)= 3.01, p < .05
• C)t(24)= 2.94, p < .01
• D)t(24)< significant

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Definitions:

Few Substitutes

Refers to a market condition where there are not many alternative products or services available to consumers, which often leads to less competition and higher prices.

Inelastic Demand

A situation in which the demand for a product does not change much in response to price changes.

Close Substitutes

Products that serve similar functions or needs and can easily replace one another in the eyes of the consumer.

Complements

Products or services that are used together, such that the demand for one increases the demand for the other.