Even in a Well Designed Experiment, There Will Always Be

question 11

Essay

Even in a well designed experiment, there will always be confounding variables that we have neglected to measure.How can we reduce the chances that an observed association is due to those confounding variables? Name two ways.

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, profits, or losses.

Trading Securities

Financial instruments that are purchased primarily for selling in the near term with the intention of generating profit from short-term price fluctuations.

Fair Value

The amount one would get from selling an asset or the cost to transfer a liability during a well-structured deal between participants in the market at the time of evaluation.

Profit Margin

A financial metric that evaluates a company's profitability by comparing net income to sales.