If a Difference Between Two Samples Is NOT Statistically Significant,which

question 342

Multiple Choice

If a difference between two samples is NOT statistically significant,which of the following can be concluded?

• A)The difference is probably not a true one.
• B)The difference is probably not reliable.
• C)The difference could be due to sampling variation.
• D)All of these statements are true.

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Definitions:

Insurance

A financial product sold by insurance companies to safeguard against the risk of financial loss.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as materials and labor.

Labor

Human effort, whether physical or mental, contributed to the production of goods and services.

Materials

The physical components used in the production of goods and services.