Results That Are "Statistically Significant" May Not Be of Interest

question 43

Multiple Choice

Results that are "statistically significant" may not be of interest to the scientific community because

• A) the study's methodology was poor.
• B) the results have little external validity.
• C) the treatment effect is too small to be of practical value.
• D) any of these reasons

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Definitions:

Direct Materials Cost

The expense incurred for raw materials that are directly incorporated into a finished product.

T-Accounts

A simplified form of accounting ledger that uses a two-column format to show the increases and decreases in different financial accounts.

Job-Order Costing System

An accounting method that accumulates costs for individual units or small batches of production, often used for custom orders.

Direct Materials

Raw materials that are directly traceable to the production of a specific product.