What Is a Major Advantage of Maximum Likelihood Methods as Compared

question 28

Multiple Choice

What is a major advantage of maximum likelihood methods as compared with parsimony methods?

• A) Maximum likelihood methods are computationally easier.
• B) Maximum likelihood methods can be used with molecular data.
• C) Unlike parsimony methods,maximum likelihood methods can be used for studying relationships among very similar organisms.
• D) Unlike parsimony methods,maximum likelihood methods can be used for studying relationships among distantly related organisms.
• E) Maximum likelihood methods incorporate more information about evolutionary change.

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Definitions:

Real GDP

The measure of the value of all final goods and services produced within a country in a given period, adjusted for inflation.

Real Wage

The purchasing power of wages, considering the effects of inflation on what can actually be bought with those wages.

Aggregate Demand

Full economic demand for all types of goods and services, calculated at a unified price level throughout a chosen period.

Price Level

The summarised price average of every good and service within the economic domain.