An Experimental Design Where the Experimental Units Are Randomly Assigned

question 19

Multiple Choice

An experimental design where the experimental units are randomly assigned to the treatments is known as _____.

• A) factor block design
• B) random factor design
• C) completely randomized design
• D) None of the answers is correct.

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Definitions:

Wage Rate

The amount of money paid to an employee per unit of time worked, often hourly, daily, or annually.

Complementary Resources

Goods or services that are used together, where the use of one increases the value or demand for the other.

Shift Demand

A change in the quantity demanded at every price point, caused by factors other than the price of the product itself.

Derived Demand

Demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.