When Any Observed Difference in Findings Is Large Enough That

question 55

Multiple Choice

When any observed difference in findings is large enough that it is unlikely to have occurred due to mere chance, it is

• A) statistically significant
• B) managerially significant
• C) both statistically and managerially significant

---

Definitions:

Rate of Interest

The rate at which interest is applied to a loan or credited to savings.

Investment

Allocating resources, usually money, with the expectation of earning an income or profit.

Term Deposits

Fixed-term savings accounts that typically offer higher interest rates, where money is locked in for a certain period.

Surplus Funds

Excess money or assets that remain after all expenses have been paid.