Unobservable Variables That Enter into Decisions Are Called

question 5

Multiple Choice

Unobservable variables that enter into decisions are called

• A)latent variables
• B)endogenous variables
• C)heterogeneity
• D)count data

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Definitions:

Interpretation Of Results

The process of analyzing data obtained from research or experiments to determine their significance and implications.

Statistically

Relating to, or based on, the principles of statistics, often implying the utilization of quantitative data to draw conclusions.

Correlational Techniques

Statistical methods used to determine if a relationship exists between two or more variables, without necessarily implying causation.

.01 Level

A statistical significance level indicating that the probability of the observed results occurring by chance is less than 1%.