Differences Are Important,but a Finding of Statistical Significance in No

question 16

Multiple Choice

Differences are important,but a finding of statistical significance in no way guarantees which of the following?

• A)Significant difference
• B)Market difference
• C)Meaningful difference
• D)Actionable difference

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Definitions:

Gender Gap

The differences in outcomes, opportunities, or characteristics between men and women, often discussed in the context of pay, education, or employment.

Campaign Finance Reform

Refers to the political effort to change the involvement of money in politics, focusing on decreasing the influence of money on political elections and candidates.

Margin of Error

An indication of the confidence in the results of a survey or poll, expressed as a percentage that describes the potential error in estimating a population parameter.

Confidence Interval

A range of values that is likely to contain the true value of an unknown parameter, often used in statistical analysis to indicate the reliability of an estimate.