Explain Why Replication Is Important to Science

question 14

Essay

Explain why replication is important to science. Name a method that scientists use to determine whether a study is replicable.

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Definitions:

Future Dollars

A term referring to the anticipated value of a currency taking into account inflation or deflation over time.

Expected Rate Of Return

The profit or loss one anticipates on an investment that has various known or expected rates of return.

Total Investment

The sum of all monetary resources allocated into various assets, projects, or securities at a given time.

Expected Rate Of Return

The average of all possible returns for an investment, weighted by the likelihood of each outcome.