If a Difference Between Random Samples Is Not Statistically Significant,it

question 19

Multiple Choice

If a difference between random samples is not statistically significant,it is probably ____.On the other hand,a statistically significant difference is not necessarily ____.

• A)important,due to random chance
• B)unimportant,large
• C)important,unimportant
• D)unimportant,important

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity level, allowing better analysis and control over performance.

Administrative Expenses

Costs related to the general operation of a company, including expenses such as salaries of non-sales personnel, and office supplies.

Planning Budget

A planning budget is projected financial plan that outlines an organization's expected revenues, expenses, and capital needs for a future period.

Net Operating Income

The profit derived from a company's everyday business operations after subtracting all operating expenses from gross income.