By Convention, When an Observed Experimental Outcome Has a Probability

question 6

Multiple Choice

By convention, when an observed experimental outcome has a probability of occurrence of less than 5% (<0.05) , the experimental results are considered to be __________.

• A)within normal expected range
• B)statistically significant and different from the expected outcome
• C)not significant
• D)less than one standard deviation from the mean
• E)equal to the mean

---

Definitions:

Industrial Firms

Companies that engage in the production, distribution, and sale of industrial goods, including manufacturing and construction services.

Services Market

The services market encompasses the marketplace for the provision and consumption of intangible products, such as financial services, education, and healthcare.

Legal Advice

Professional guidance provided by a qualified lawyer or legal expert regarding the law.

Industrial Markets

Markets comprised of companies and organizations that purchase goods and services for use in producing their own products or for operating their businesses.