Statistical Significance Can Be Defined As

question 53

Multiple Choice

Statistical significance can be defined as:

• A)something important.
• B)has greater than a 5% probability of having occurred by chance.
• C)is evidence of a difference between the sexes.
• D)results not likely due to random chance.

---

Definitions:

Production Possibility Curve

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve with existing resources and technology.

Capital

In economics, capital refers to the financial assets or the resources that businesses use to produce goods and services, such as equipment, buildings, and machinery.

Japan

An island country located in East Asia, known for its rich culture, technological advancements, and strong economy.

Improvement

The process of making something better or more effective through changes, upgrades, or enhancements.