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Arthur is driving home from work when he runs off the road and hits a telephone pole. These are the losses he suffers: $12,000 to repair the damage to his car, and, $800 to rent a car while his car is being repaired. What is the correct name for each of these losses?
Statistically Meaningful
Refers to results in data analysis that are unlikely to have occurred by chance alone, indicating a significant difference or relationship.
Explanatory Strength
The ability of a hypothesis or theory to effectively explain the breadth and depth of a phenomenon or set of observations.
Field Research
The collection of raw data outside of a lab, workspace, or controlled environment, often in its natural setting.
Descriptive
Pertaining to the detailed description of characteristics, behaviors, or phenomena, without attempting to influence or change them.
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