When a Figure Shows Means and Bars Indicating One Standard

question 52

True/False

When a figure shows means and bars indicating one standard error above and below each mean, and the range defined by the bars in one group overlaps the mean of the other, then the results of a t-test would always fail to reject the null hypothesis that the means are equal.

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Definitions:

Consumption

The use of goods and services by households or individuals.

Disposable Income

Resources earmarked for household financial activities in saving and spending following income tax calculations.

Saving

The segment of one's income that is not consumed but saved for future investments or use.

Consumption

The act of using goods and services for personal needs or to satisfy consumer demands.