Which Definition Best Describes Parsimony

question 8

Multiple Choice

Which definition best describes parsimony?

• A)Explaining the most with the least
• B)Explaining the least with the most
• C)Being able to explain all of the change in the response variable
• D)Being able to predict the value of the response variable far into the future

---

Definitions:

Binomial Distribution

A probability distribution that represents the number of successes in a fixed number of trials, each with the same probability of success.

Alpha

In statistics, it denotes the significance level used in hypothesis testing, typically set to 0.05 or 5%, representing the probability of rejecting the null hypothesis when it is actually true.

Likelihood

The probability of a particular outcome given a set of parameters within a statistical model.

Binomial Variable

A type of discrete variable that can take one of two independent values, often representing success or failure in an experiment.