An Essential Part of Scientific Thinking Is Not Only How

question 118

Multiple Choice

An essential part of scientific thinking is not only how to use statistics correctly, but also how to identify the misuse of statistics. For this, students should:

• A) distrust all statistics from studies with counterintuitive results.
• B) integrate statistics with "real-life" issues, such as day care, in order to interpret them.
• C) try to replicate the study and see if they get similar results.
• D) ask how the statistic was calculated and what data the statistic is based upon.

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Definitions:

Monthly Sale

Financial transactions or revenue generated from sales within a particular month.

Credit Sales

Sales transactions where the payment is deferred to a future date, typically documented with an invoice.

Uncollectible

Refers to accounts receivable or other debts that are considered unlikely to be collected and may be written off as a loss.

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a specific period.