Which Set of the Following Strategies Do Researchers Conducting Quantitative

question 1

Multiple Choice

Which set of the following strategies do researchers conducting quantitative research use to assure reaching correct conclusions from their statistical analysis?
1) Eliminate chance variation as an explanation
2) Use statistics based on the normal curve
3) Avoid low statistical power
4) Control extraneous variables
5) Use categorical measurements
6) Control bias

• A) 1, 2, 3, and 4
• B) 1, 3, 4, and 6
• C) 2, 3, 4, and 5
• D) 1, 2, 5, and 6

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Definitions:

Increasing-Cost Industry

An increasing-cost industry is one in which costs of production increase as the industry expands, often due to factors like limited resources or higher input prices.

Long-Run Supply Curve

A graphical representation showing quantities of goods a firm is willing and able to supply at different prices over a long period, assuming all inputs are variable.

Decreasing-Cost Industry

Industry whose long-run supply curve is downward sloping.

Long-Run Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of the industry over time, accounting for adjustments in all input factors.