What Does a Significant Test Statistic Tell Us

question 6

Multiple Choice

What does a significant test statistic tell us?

• A) There is an important effect.
• B) The hull hypothesis is false.
• C) There is an effect in the population of sufficient magnitude to be scientifically interesting.
• D) All of the above,

---

Definitions:

Insurance Policy

A contract between an individual or entity and an insurance company, outlining the terms for the insurer to compensate the insured for specific losses in exchange for premiums paid.

Journal Entries

The method by which transactions are entered into an entity's accounting records, showing the financial effects of transactions in a double-entry bookkeeping system.

Adjusted Trial Balance

An inventory of every account, including updated balances following the posting of adjusting entries, that serves as the basis for generating financial statements.

Trial Balance

A bookkeeping report that lists all the balances in each account ledger in two columns, debits and credits, ensuring that total debits equal total credits.