The First Step in Developing Your Financial Plan Is

question 97

Multiple Choice

The first step in developing your financial plan is

• A) establish your financial goals.
• B) pay off all your credit cards.
• C) buy a cool car then begin saving money.
• D) get a good job.

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Definitions:

Two-tailed Hypothesis

A statistical test hypothesis that allows for the possibility of an effect in two directions, either greater than or less than a specified range or parameter.

One-tailed Hypothesis

A directional statistical hypothesis that specifies an expected relationship or difference in one direction between variables or groups.

Null Hypothesis

A default hypothesis that there is no statistical significance or effect in the relationship between two measured phenomena.

Closed-ended Research

A research method that uses structured questions or surveys, where respondents choose from predetermined answers.