Which Is True About Randomized Experiments

question 10

Multiple Choice

Which is true about randomized experiments?
I.Randomization reduces the effects of confounding variables.
II.Random assignment of treatments allows results to be generalized to the larger
Population.
III.Blocking can be used to reduce the within-treatment variability.

• A)I only
• B)II only
• C)III only
• D)I and III
• E)I, II, and III

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Definitions:

Attractive Industry

A sector of the economy that offers significant opportunities for investment, growth, and profitability, making it appealing to businesses and investors.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market with no close substitutes, often leading to less competition.

External Organizational Environment

Constitutes the outside forces, including economic, political, technological, and social factors, that affect an organization's operations.

Industry Environment

The external factors including economic, political, regulatory, and social that affect the operational, financial, and competitive landscape of industry sectors.