A Difference in Two Numbers, Like the Means of Two

question 22

Multiple Choice

A difference in two numbers, like the means of two groups, is statistically significant when

• A) it is smaller than usual.
• B) it is particularly likely to occur.
• C) it is unlikely to occur by chance.
• D) its probability is near .50.

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Definitions:

Collection Float

The time interval between when a payment is deposited and when funds become available in the company’s account, affecting cash flow.

Cheques

Written, dated and signed instruments that direct a bank to pay a specific sum of money to the bearer.

Disburses

The act of paying out or distributing funds, typically related to the operational expenses or investment payouts of a company.

Average Amount

A statistic that represents the central or typical value of a set of numbers, calculated by dividing the sum of all values by the number of values.