If a Particular Finding in a Study Is Statistically Significant

question 4

Multiple Choice

If a particular finding in a study is statistically significant "at the .05 level," then the chances are about 5% that the finding is

• A) False
• B) True
• C) Meaningful
• D) Due to chance

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Definitions:

Deferred Charge

An expenditure paid for in one accounting period but reported as an asset because it will provide benefits in future periods.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.

Plant Asset

Long-lived tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.

Unanticipated Costs

Expenses that were not planned or predicted in the budgeting process, often leading to budget overruns.