Which of the Following Statements Is True About Data

question 40

Multiple Choice

Which of the following statements is true about data?

• A) Empiricism does not necessarily involve data.
• B) Consistency of models can be checked using data.
• C) Facts that describe the world are not considered data.
• D) Convincing data analysis in economics relies on using a small sample.

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Definitions:

Creative People

Individuals characterized by their ability to generate new ideas, approaches, or solutions.

Physics Principles

Basic laws and concepts that form the foundation of physics, governing how the physical universe behaves.

Novices

Individuals who are new to a field or activity and lack experience or knowledge in that area.

Experts Solving

The process by which individuals with specialized knowledge and skills apply their expertise to solve problems in their specific domain more effectively and efficiently than novices.