Which of the Following Indicates a Significant Correlation

question 49

Multiple Choice

Which of the following indicates a significant correlation?

• A)p = .21
• B)p < .05
• C)p < .20
• D)p < .50

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Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the efficiency with which a company utilizes its resources.

Explicit Costs

are direct, out-of-pocket payments for expenses incurred by a business or individual.

Revenues

The total income generated by a company or organization from its activities, before any expenses are subtracted.

Economic Profit

The difference between the total revenues received by a business and the total opportunity costs of all resources used in the production.