When Analysing the Result of the Paired Samples T-Test, the Output

question 18

Multiple Choice

When analysing the result of the paired samples t-test, the output presents the following box, but what do the results show you?

• A) The correlation value between the two variables is strong, statistically significant and therefore correct to use.
• B) The correlation value between the two variables is moderate, but not statistically significant and therefore should not have been used.
• C) The correlation value between the two variables is weak and not statistically significant and therefore should not have been used.
• D) The correlation value between the two variables is weak, but statistically significant and therefore correct to use.

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Definitions:

Stock Price

The cost of purchasing a share of a company as quoted on the stock market, reflecting the market's valuation of the company at a given time.

General Labor Cost

Refers to the total expenses associated with employing labor, including wages, benefits, and other related costs.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in a specific market over a given period.

Piece-Rate Reward Plan

A compensation system where employees are paid based on the amount of work they complete, encouraging higher productivity.