Which of the Following Is the Worst Approach to Solving

question 15

Multiple Choice

Which of the following is the worst approach to solving the problem of an annual budget deficit?

• A)Liquidate enough savings or investments to make up the deficit.
• B)Get an additional credit card and cover the deficit with that.
• C)Renegotiate debt to longer term,lower interest options.
• D)Increase income by getting an additional part-time job.

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Definitions:

Aggregation

The process of combining multiple pieces or data points together to form a whole or summary measure.

Incremental Validation

A process of progressively verifying the steps or components of a model, system, or theory to ensure its accuracy or validity at each stage.

Null-hypothesis Significance Testing

A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition holds true for the entire population.

P-value

A statistical measure that helps scientists determine the strength of their evidence; it indicates the probability of observing their data, or something more extreme, if the null hypothesis were true.