What Method of Data Collection Would You Use to Collect

question 39

Multiple Choice

What method of data collection would you use to collect data for a study where a drug was given to 51 patients and a placebo to another group of 51 patients to determine if the drug has an effect on a patient's illness?

• A) designed experiment
• B) published source
• C) observational study
• D) survey

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Definitions:

Fixed Costs

Fixed expenses that are unaffected by changes in production or sales volume, encompassing rent, salaries, and insurance.

Absorption Costing

A method of accounting for all the costs associated with manufacturing a product, including all direct costs and fixed and variable overhead expenses.

Variable Costing

An accounting approach where only variable manufacturing costs are included in product costs, excluding fixed manufacturing overhead.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.