When Someone Reports That Their Results Are Found to Be

question 17

Multiple Choice

When someone reports that their results are found to be 'statistically significant', which type of statistical technique was most likely used?

• A)A confidence interval.
• B)A hypothesis test.
• C)A significance interval.
• D)Not enough information to tell.

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Definitions:

Input Demand Curves

Graphs showing the relationship between the price of inputs and the quantity of inputs demanded by producers.

Marginal Product

The elevation in production output stemming from the addition of one unit of input.

Profit Maximization

The process or strategy where a firm adjusts its production to achieve the highest possible profit.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery, buildings, and land.