If a Researcher Sets a Level of Significance at

question 14

Multiple Choice

If a researcher sets a level of significance at .05 (i.e. 5%) , what does this mean?

• A) Five times out of 100, a significant result will be found that is due to chance alone and not the intervention.
• B) Ninety-five times out of 100, a significant result will be found that is due to chance alone and not the intervention.
• C) Five times out of 100, a significant result will be found that is not due to chance, but the intervention.
• D) None of the above.

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Definitions:

Materials Quantity Variance

Materials quantity variance is the difference between the actual quantity of materials used in production and the expected quantity, based on standard usage rates.

Materials Price Variance

The difference between the actual cost of materials and the standard cost, used to assess efficiency in purchasing raw materials.

Raw Materials

The basic substances in their natural, modified, or semi-processed states, used as inputs for the production process in manufacturing goods.

FOH Budget Variance

The difference between the actual factory overhead costs incurred and the budgeted overhead costs set at the beginning of a period.