The Assumption Ceteris Paribus in a Model Means "Other Things

question 230

True/False

The assumption ceteris paribus in a model means "other things equal."

---

Definitions:

United States

A country located primarily in North America, consisting of 50 states, a federal district, five major territories, and various minor islands.

Binomial Formula

A mathematical formula used to determine the number of successes in a fixed number of trials in a binomial experiment, given the probability of success in each trial.

Independent

Refers to a variable in an experiment or study that is purposely manipulated or changed to observe its effect on other variables.

Successful Operations

Activities or series of activities within a process which achieve the intended goals or objectives efficiently and effectively.