What Are the Two Essential Characteristics of an Experiment? Why

question 4

Essay

What are the two essential characteristics of an experiment? Why, and how, is each of these important for the internal validity of the experiment?

---

Definitions:

Break-even Point

The point at which cost or expenses and revenue are equal, resulting in neither profit nor loss.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials.

Fixed Costs

Expenditures that do not change over a short period of time, regardless of the level of production or activity.

Break-even Point

The financial point at which total costs and total sales are equal, resulting in no net loss or gain for the business.