When the Alpha Level Is

question 72

True/False

When the alpha level is .05,a result is defined as non-chance if the probability of obtaining that result,assuming the null hypothesis is true,is greater than .05.

---

Definitions:

Outstanding Balance

The amount of money owed that remains in a borrower's account, excluding interest and fees, that has not yet been paid.

Invoice

A document issued by a seller to a buyer, indicating items sold, prices, date of shipment, delivery and payment terms.

Payment

The act of giving money in exchange for goods or services.

EOM

End of Month, a term often used in the context of finance and accounting to denote processes or evaluations performed at the close of the month.