What Does a Significant Test Statistic Tell Us

question 13

Multiple Choice

What does a significant test statistic tell us?

• A)There is an important effect.
• B)That the test statistic is larger than we would expect if there were no effect in the population.
• C)The hull hypothesis is false.
• D)All of the above.

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Definitions:

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Maximum Deduction

The highest amount that can be subtracted from taxable income, as allowed by tax laws.

Cost Recovery Deduction

A tax deduction that allows a taxpayer to recover the cost of an investment over time through depreciation, amortization, or depletion.

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A premium payment of half the worth of an item, salary, or stipulated amount as an additional reward.