Payroll Checks Should Be Distributed by Someone Independent of the Payroll

question 29

True/False

Payroll checks should be distributed by someone independent of the payroll and timekeeping functions.

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Definitions:

Statistical Significance

Indicates the likelihood that a result or relationship is caused by something other than mere chance.

Statistical Probability

The quantification of the likelihood of an event occurring based on a ratio of favorable outcomes to the total number of possible outcomes.

Statistical Precision

How similar the results are when measurements are taken repeatedly in unaltered circumstances.

T-statistic

A value derived from a T-test that measures the size of the difference relative to the variation in the sample data.