A P-Value of .03 Means

question 16

Multiple Choice

A p-value of .03 means:

• A) that in only 3 in 100 times would a result as large as the one observed in a sample of data be observed if the null hypothesis were actually true for the population
• B) that the null hypothesis is correct in 3 of 100 times
• C) that the research hypothesis is true
• D) that 3% of the variation in the dependent variable is explained by the inclusion of an independent variable

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Definitions:

GAAP Accounting

Generally Accepted Accounting Principles, a set of rules and standards for financial reporting and accounting practices in the United States.

Unrealized Gain

The hypothetical profit on an investment that has not yet been sold, and thus, not yet converted into actual cash.

Hedged Item

An asset, liability, or planned transaction exposed to price risks that are offset by using a hedging instrument.

Anticipated Transaction

A future financial operation or deal that is expected to occur.