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Explain the concept of confirmation bias and then design a true laboratory experiment to test this concept. You can use a study from the textbook as a guide but you must define and use different independent variables and a different social setting. Be sure to explain your hypothesis, independent variable(s), dependent variable(s), control variable(s), and explain how participants will be selected and assigned to conditions in your experiment. This should be a realistic lab experiment.
Variable Expenses
Costs that vary in direct proportion to changes in the level of activity or production volume.
Fixed Expenses
Costs that do not change in total over a wide range of activity levels or over a short period, such as rent or salaries.
Net Income
The total earnings of a company, subtracting total expenses from total revenue.
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