Applying Statistical Inference: an Example If an Experimenter Finds That

question 23

Multiple Choice

Applying Statistical Inference: An Example If an experimenter finds that the difference between two treatment groups is significant at the .05 level, then

• A)the odds of obtaining this difference by chance are 95 in 100 times.
• B)the probability of this treatment effect is 5%.
• C)we would expect chance to produce a result this large less than 5 in 100 times.
• D)we should accept the null hypothesis.

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Definitions:

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including but not limited to utilities, depreciation, and salaries of supervisors.

Direct Labor

Refers to the wages and benefits of employees who are directly involved in the production of goods.

Machine Hours

The total number of hours that machinery operates during a specific period for manufacturing or production processes.

Raw Materials

Raw materials are the basic, unprocessed inputs used in the manufacture of products.