It Is Often Said That Social Science Is Inherently Probabilistic

question 5

Multiple Choice

It is often said that social science is inherently probabilistic.What is meant by that?

• A) social sciences are probably hard to study
• B) the best that can be said of findings is that they are more or less likely to occur, never with certainty
• C) researchers can reduce the probability of findings being wrong to zero
• D) if the independent and dependent variables are truly causal one can be certain of the results

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Definitions:

Forecasted Contribution Margin

An estimated metric that indicates the difference between sales revenue and variable costs of goods sold, used to predict the profitability of sales.

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and to generate profit.

Contribution Margin

The selling price per unit, minus the variable cost per unit, indicating how much each unit contributes to covering fixed costs and generating profit.

Break-even Point

A stage where total sales or production volume exactly matches the overall expenses, consequently yielding no financial gain or deficit.