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Define Static Budget and Flexible Budget

question 109

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Define static budget and flexible budget.What is each type used for?


Definitions:

Volunteer Bias

The tendency for volunteers, such as in research studies, to differ from the general population in significant ways, potentially skewing results.

Random Sampling

A method of selecting a sample from a population in which every individual has an equal chance of being chosen.

Correlation Coefficient

A number between −1.00 and +1.00 that indicates the direction (negative or positive) and extent (from none to perfect) of the relationship between two variables.

Independent Variable

In research, this is the condition or factor that is intentionally changed to observe its impact on an outcome.

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