For Questions Use the Following Narrative

question 43

Essay

For Questions use the following narrative
Narrative: Toy colors
Suppose a toy company wants to know if certain colors are more appealing and attractive to toddlers than others.They decide to measure this by choosing five colors of blocks and making sets of blocks in each of the five colors.Then they found 30 toddlers to participate in the study, and they randomly assigned each toddler a block color.They observed each toddler separately at the same time of the day, and gave them no other toys to play with.They recorded the length of time each toddler played with the blocks, to see if some colors of blocks were played with longer than other colors.All toddlers in the experiment were the same age (2 years old) and an equal number of girls and boys played with each color of blocks.
-{Toy colors narrative} Is this study an observational study or an experiment?

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Definitions:

Sales

Sales refer to the transactions in which goods or services are transferred from the seller to the buyer for money or value, representing the primary source of revenue for most businesses.

Cash Disbursements

The actual outflow of cash for expenses, such as paying salaries, suppliers, and other operating expenses.

Inventory Purchases

The total cost incurred by a business to buy goods for resale or raw materials to produce finished goods.

Operating Expenses

Costs related to the day-to-day functions of a business outside of direct labor and materials, such as rent, utilities, and office supplies.