One of the Factors That Affect the Reliability of Findings

question 10

Multiple Choice

One of the factors that affect the reliability of findings from studies using correlations is

• A) The number of variables being investigated.
• B) The type of relationship that is found.
• C) The level of significance set at the start of the study.
• D) The number of people who take part.

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choice.

Comparative Advantage

The ability of a country or entity to produce goods or services at a lower opportunity cost than others, leading to more efficient international trade.

Productive Assignment

The allocation of resources, tasks, or roles in a manner that maximizes efficiency and output in the production process.

Consumption And Investment

Components of an economy where consumption refers to the use of goods and services for immediate satisfaction, and investment involves spending on capital goods to yield future returns.