The First Step in Testing an Hypothesis Is to

question 45

Multiple Choice

The first step in testing an hypothesis is to

• A) perform an experiment.
• B) make a prediction.
• C) test a prediction.
• D) analyze data.
• E) report results.

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Definitions:

Liquidated

The process of converting assets into cash or other forms of payment, often used in bankruptcy proceedings.

Interest Income

Earnings received from deposit accounts or investments such as bonds, loans where one lends money to someone else in exchange for a return of interest.

Currency Notes

Paper money issued by a country's central bank or government as legal tender for transactions.

Money Demand Curve

A graph showing the relationship between the quantity of money demanded and the interest rate.