What Is the Correct Definition of the P-Value

question 51

Multiple Choice

What is the correct definition of the p-value?

• A) probability that the null hypothesis is true
• B) probability that the null hypothesis is false
• C) probability that the observed result occurred by chance given that the null hypothesis is true
• D) probability that the observed result occurred by chance given that the null hypothesis is false

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Definitions:

Salaries

Payments made to employees for their services over a specified period.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue; also known as the bottom line.

Income and Losses

Represents the financial performance of a business, where income refers to the earnings and losses indicate the expenses exceeding earnings over a period.

Original Investments

The initial amount of money put into purchasing assets or starting a venture, setting the foundation for future growth or income.