A Student Wants to Prove That Their Research Is Significant

question 14

Multiple Choice

A student wants to prove that their research is significant using statistics.What's wrong with this approach?

• A) There's nothing wrong with this approach; statistics can be used to prove anything
• B) The approach is wrong because statistics can only prove things once in a while, not all the time
• C) The student is confused and shouldn't be using statistics; they should be using a model
• D) The approach is wrong because statistics cannot be used to prove something; it is used to disprove a null hypothesis.

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Definitions:

Management

The process of dealing with or controlling things or people, often within a business or organization.

Manufacturing Margin

The difference between the sales revenue generated from manufactured goods and the cost of goods sold.

Variable Costing

An accounting method that considers only variable costs in calculating the cost of goods sold and determining profitability.

Manufacturing Margin

The difference between the sales income generated by manufactured goods and the cost of goods sold.