Holding a Variable Constant Prevents a Participant Characteristic from Confounding

question 51

Multiple Choice

Holding a variable constant prevents a participant characteristic from confounding a study by ____.

• A) eliminating variability in that characteristic
• B) reducing error
• C) ensuring a nonbiased sample
• D) increasing the differences between the groups

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Definitions:

Economic Systems

The structure and methods by which a society allocates resources and distributes goods and services among its population.

Business Risk

The potential for financial loss or failure in the operation of a company due to factors like market conditions, regulatory changes, or operational challenges.

Market System

An economic model where investment, production, and distribution decisions are influenced by supply and demand, with the prices of goods and services being set in a free pricing system.

Circular Flow Diagram

A visual model used in economics to show how money moves through the economy in a circular manner between producers and consumers.