Which of the Following Best Represents the Inductive Method

question 41

Multiple Choice

Which of the following best represents the inductive method?

• A) Developing a research hypothesis from an existing theory
• B) Developing a theory by using prior expectations
• C) Developing a theory from observing the behaviors of children
• D) Developing a theory from an existing research hypothesis

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Definitions:

Price Per Barrel

The cost of a barrel of goods, commonly used to denote the cost of a barrel of crude oil in financial markets.

Confidence Interval Estimate

A confidence interval estimate provides a range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, along with a given level of confidence.

Prediction Interval

A range of values that is likely to contain the value of an unknown parameter for a future observation, with a specified level of confidence.

Expected Value

In probability and statistics, it is the average value obtained from numerous trials of an experiment over an extended period.