In the Long Run, According to the Text, the External

question 3

Multiple Choice

In the long run, according to the text, the external validity of experiments can be best established:

• A)by using true experimental designs.
• B)through replication.
• C)by conducting field experiments.
• D)only in carefully conducted laboratory experiments.

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Definitions:

Interval Measure

A statistical measure that indicates the range within which a population parameter lies with a certain degree of confidence.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the business's normal operating cycle.

Average Daily Operating Costs

The daily average of total operating expenses a business incurs, including costs related to production, sales, and management.

Range

The positive difference between the highest and lowest score in a distribution. It is a gross measure of variability. Exclusive range is the highest score minus the lowest score. Inclusive range is the highest score minus the lowest score plus 1.