Psychology Has Accepted as a Standard for Statistical Significance the Odds

question 103

Multiple Choice

Psychology has accepted as a standard for statistical significance the odds of 5 out of 100 that an observed result is ____.

• A)true
• B)due to error
• C)due to chance
• D)false

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Definitions:

Minimum Amount

The smallest quantity or value permissible, often used in the context of financial transactions or requirements.

Fixed Expenses

Costs that do not change in total regardless of changes in the level of activity or volume, such as rent and insurance premiums.

Net Operating Income

A profitability metric that calculates a company's potential income by subtracting operating expenses from revenue, excluding taxes and interest.

Sugar Beets

A root vegetable that is primarily cultivated for sugar production.