Provide an Appropriate Response

question 7

Multiple Choice

Provide an appropriate response.
-If prices of gold decrease at a monthly rate of 0.7%, by what percentage do they decrease in a year.

• A)10.1%
• B)8.1%
• C)8.4%
• D)8.7%

---

Definitions:

Sampling Bias

A flaw in the sampling process that leads to a sample that is not representative of the population, potentially distorting study results or conclusions.

Response Stereotyping

The assumption that individuals in certain roles will behave in a predictable manner based on societal stereotypes.

Placebo Effect

The phenomenon where individuals experience a perceived improvement in condition due to their expectation of treatment, rather than the treatment itself.

Experimenter Bias

A process where the researcher unintentionally influences the outcome of a study due to subjective preference or expectation.