Which of These Is a Reason Why Researchers Examine Data

question 37

Multiple Choice

Which of these is a reason why researchers examine data by creating tables and figures?

• A) to test their research hypotheses
• B) to define their population
• C) to figure out which variable is the independent variable
• D) to understand the shape of the distribution

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Definitions:

Supply Curve

A graph showing the relationship between the price of a good and the amount of the good that producers are willing to supply.

Perfectly Competitive

A market structure characterized by a complete absence of rivalry among the sellers and it implies an industry or market in which many sellers offer identical products.

Benchmark Pricing

A method of pricing where a standard or reference price is used to set or compare the price of goods and services.

Similar Products

Goods that serve comparable purposes or needs and can be considered substitutes for each other by consumers.