Innovation Success Is Directly Related to R&D (Research and Development)

question 6

True/False

Innovation success is directly related to R&D (research and development) spending- the more you spend, the more innovations you get.

---

Definitions:

Level Of Significance

The threshold beyond which the results of a statistical test are considered statistically significant.

P-value

The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is true.

Test Statistic

A value calculated from sample data during a hypothesis test to determine whether to reject the null hypothesis.

Randomly Selects

The process of choosing individuals or items from a population in such a way that each has an equal chance of being chosen.