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If X Is a Normal Good, a Rise in Money

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If X is a normal good, a rise in money income will shift the

Identify the methods to control for confounding variables and participant differences in experimental designs.
Understand the effects of sampling bias and its impact on the generalizability of research findings.
Appreciate the ethical considerations in conducting research, including the importance of participant expectations.
Understand the concept and calculation of Mean Absolute Deviation (MAD) in forecasting.

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