When Do You Say the Difference Between Two Numbers Is

question 59

Multiple Choice

When do you say the difference between two numbers is statistically significant?

• A)as long as the two numbers are not exactly the same
• B)if the difference is large enough so that it is managerially important
• C)if the difference is mathematically different
• D)if the difference is observed over an extended period of time
• E)if the difference is large enough to be unlikely to have occurred because of chance or sampling error

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Definitions:

Financing

The process of providing funds for business activities, making purchases, or investing, including loans, equity investments, and other forms of financial support.

Grading

The process of categorizing products based on quality, size, or other characteristics to meet specified standards.

Logistical Function

Logistical function involves planning, implementing, and controlling the efficient and effective forward and reverse flow and storage of goods, services, and related information from point of origin to point of consumption.

Hardware Store

A retail establishment selling tools, building materials, and supplies for home improvements, repairs, and maintenance.