If the Probability of Your Finding Is Less Than 5

question 59

Multiple Choice

If the probability of your finding is less than 5%, you are likely to conclude:

• A) the finding is statistically significant.
• B) the finding is not statistically significant.
• C) the finding has no relationship to a similar study.
• D) the finding has occurred by chance.

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Definitions:

Intangible Asset

A non-physical asset possessing value, such as patents, trademarks, copyrights, and goodwill.

Fair Value

The estimated price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.

Net Realizable Value

The estimated selling price in the ordinary course of business, minus any costs of completion, disposal, and transport.

Going Concern

An accounting principle where it's assumed that a company will continue in business for the foreseeable future without the need to cease operations or liquidate assets.