Provide an Appropriate Response

question 111

Multiple Choice

Provide an appropriate response.
-What does it mean for an observed difference to be statistically significant at the 0.01 level?

• A)The probability of the observed difference occurring by chance is 1 in 100 or more.
• B)The probability of the observed difference occurring by chance is 1 in 100 or less.
• C)The probability of the observed difference occurring if the alternative hypothesis is true is 1 in 100 or more.
• D)The probability of the observed difference occurring if the alternative hypothesis is true is 1 in 100 or less.

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Definitions:

Article 2

Typically refers to a specific section within a larger legal document or statute, often cited in discussions of commercial transactions or contracts.

Sales And Leases

The legal transactions involving the exchange of goods or property for money or other consideration, and the temporary transfer of ownership rights in return for payment.

Agreement On Price

A mutual understanding or contract between parties regarding the cost of goods or services.

Contract

An accord between two or more entities that carries legal obligations and is enforceable.