Which of the Following Is a Standard Way for the Significance

question 64

Multiple Choice

Which of the following is a standard way for the significance level of the result of a hypothesis test to be reported in a research article?

• A)p < .01
• B)p = .03
• C)p < .05
• D)all of the above are standard and can be used

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Definitions:

Cost Of Goods Sold

The direct expenditures involved in producing the products a company sells, namely labor and materials costs.

Adjusted Cost Of Goods Sold

The cost of goods sold after adjustments for changes in inventory levels, returned goods, and possibly other factors affecting the cost of sales.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost that was expected or budgeted.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected to produce a certain amount of goods, multiplied by the standard labor rate, indicating efficiency in labor use.