A "Hypothesis" Is

question 159

Multiple Choice

A "hypothesis" is:

• A)a fundamental truth which all economists accept.
• B)a tentative, untested principle.
• C)the same as a normative statement.
• D)always the result of induction.

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Definitions:

Trends

Repeatable patterns taking place over time.

Numeric Data

Information that is represented in numbers, often used for statistical analysis or calculations.

Mean Average

A statistical measure calculated by dividing the sum of values in a data set by the number of values.

Numerical Data

Information that is represented in numbers, allowing for quantitative analysis.