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Explanation: A p-value less than 0.05 signifies that the probability of observing the test statistic, or something more extreme, under the null hypothesis is less than 5%. This threshold, commonly used in hypothesis testing, indicates strong evidence against the null hypothesis, prompting its rejection in favor of the alternative hypothesis. It is a measure of the strength of evidence, not absolute proof. This approach underpins statistical decision-making across fields, providing a rigorous standard for hypothesis evaluation. Option A: A p-value does not prove the null hypothesis; it measures evidence against it. Option B: Sample size affects power, but p-value interpretation does not inherently reflect sample size issues. Option D: Confidence intervals are separate from p-values and serve to estimate population parameters. Option E: A p-value below 0.05 typically indicates sufficient evidence to reject the null hypothesis.
X, Y and Z are partners sharing profits in the ratio of 3 : 2 : 1. Y retires. X & Z agreed to share profits in the ratio of 3 : 2. Calculate gaining ratio.
Interest payable by a non-corporate assessed for deferment of advance tax is
The average due date technique of payment may be used:
If the amount of any known liability cannot be determined accurately, then:
When the total of debit and credit are equal, it represents
Under the Indian Contract Act, the suggestion as a fact of that which is not true by one who does not believe it to be true and the active concealment o...
The rate of TDS for Rent of Land and Building, Land appurtenant to a building is:
With respect to standard costing, which of the following statement is incorrect?
What duties are taxes on intra-State supplies?
Ind AS 7 deals with which of the following: