Generally,the MINIMUM Requirement for Statistical Significance Is That There Is

question 72

Multiple Choice

Generally,the MINIMUM requirement for statistical significance is that there is less than ____ that the observed results are due to chance.

• A) 1 chance in 1000
• B) 5 chances in 100
• C) 20 chances in 100
• D) 50 chances in 100

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Definitions:

Profit Center

A segment or department within an organization that is directly responsible for generating profit, measured by its performance.

Selling Division

A segment of a company focused on the sales and distribution of products or services.

Opportunity Cost

The value of the best alternative that is forgone when a particular decision is made, representing the benefits that could have been received from that alternative.

Transfer Price

The price charged when one responsibility center within a company provides goods or services to another responsibility center in the same company.