You Want to Test People's Cola Preferences, So You Conduct

question 603

Multiple Choice

You want to test people's cola preferences, so you conduct a taste test using two different brands of cola.However, you are worried about possible clues you may give people taking the test.So, you label the two colas and have your assistant, who does not know which cola is which, administer the test to the subjects.Thus, you have prevented yourself and your assistant from giving out any clues by using

• A) random selection.
• B) random assignment.
• C) a single-blind experiment.
• D) a double-blind experiment.

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Definitions:

Inflation

The speed at which overall prices for goods and services increase, resulting in a decline in the value of money.

Federal Reserve

The central banking system of the United States, responsible for implementing the country's monetary policy, stabilizing the economy, and overseeing the nation's commercial banks.

Interest Rates

The cost of borrowing money or the return on investment for savings, typically expressed as a percentage, which influences economic activity and financial decisions.

Three Mile Island

This refers to a location in Pennsylvania, USA, where a significant nuclear accident occurred in 1979, marking the most serious accident in U.S. commercial nuclear power plant history.