Selection Bias Generally Is Minimized by Randomization of Subjects to Test

question 50

True/False

Selection bias generally is minimized by randomization of subjects to test groups.

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Definitions:

Arbitraging

The practice of buying and selling assets in different markets or forms to profit from price discrepancies.

Price Discriminate

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on various factors like willingness to pay, location, or purchase history.

Vertical Relationships

The connections between firms at different levels in the production chain, such as suppliers, manufacturers, and retailers, often focusing on the flow of goods and services.

Retailer Incentives

Benefits or motivations provided to retailers for achieving specific goals, such as sales targets, often aimed at enhancing performance or fostering loyalty.