A Statistical Finding Is Usually Considered Significant If

question 34

Multiple Choice

A statistical finding is usually considered significant if:

• A)the probability that it is an accurate finding is 5 or less in 100
• B)the probability that it is an accurate finding is 1 or less in 100
• C)the probability that it is a chance finding is 5 or less in 100
• D)the probability that it is a chance finding is 50 or less in 100

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Definitions:

Projected Profit-and-Loss Statement

A financial document estimating a company's revenue, costs, and net profit over a future period.

Financial Knowledge

Understanding of financial concepts, practices, and instruments, often linked to personal financial planning and investment decisions.

Professional Knowledge

Specialized knowledge that pertains to a specific field or profession, usually acquired through education, training, and experience within that field.

Executive Summary

A concise overview of a document, report, or plan, highlighting the main points, conclusions, and recommendations, designed for quick reading.