The Scientific Usage of the Word Theory Is Best Described

question 9

Multiple Choice

The scientific usage of the word theory is best described as

• A)a proposed explanation whose status is conjectural and untested.
• B)a personal opinion that is part of one's worldview.
• C)a tested and supported explanation that synthesizes a large body of information to account for known facts or phenomena.
• D)an explanation of facts or phenomena that fits with an individual's best assessment of a situation.

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Definitions:

Uncertainty

A situation in which the lack of certain knowledge about present circumstances or future outcomes makes it impossible to predict risks accurately.

Mechanism Design

A field in economics and game theory that seeks to design rules or incentives for a system to achieve a desired objective, considering individuals' private information and incentives.

Welfare Policy

A governmental strategy designed to support the wellbeing of citizens, often through financial aid, healthcare, and education.

Health Insurance

A type of insurance that covers the whole or part of the risk of a person incurring medical expenses, spreading the risk over numerous individuals.