Kyoung-Lae Conducts an Experimental Study and After Subjecting His Results

question 120

Multiple Choice

Kyoung-Lae conducts an experimental study and after subjecting his results to statistical analyses,decides to reject the null hypothesis.What does this mean?

• A)His results are significant.
• B)His results are due to chance.
• C)His probability is greater than .05.
• D)There was a problem in his research methodology.

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Definitions:

Inventory System

A method for tracking the quantities, locations, and statuses of products a company has in stock, both for sales and production purposes.

Computerized

Systems or processes that are performed or managed by computers, typically involving automation of manual tasks.

Cost Flow Assumption

An accounting method used to determine the cost of goods sold and ending inventory, such as FIFO, LIFO, or average cost.

Periodic

An accounting system where inventory and cost of goods sold are determined at the end of an accounting period, rather than tracked continuously.