Replication Is an Important Feature of the Scientific Method Because

question 56

Multiple Choice

Replication is an important feature of the scientific method because

• A) it guards against confirmation bias
• B) it guards against fraud
• C) it guards against the possibility that a finding is tied to the particular testing circumstances
• D) all of the above

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Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling, usually measured over a year.

Spot Rate

The current market price used for immediate delivery of a financial instrument or commodity.

Interest Rate

This is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Forward Rate Market

Refers to a financial market that deals with contracts specifying the rate at which currencies, securities, or commodities will be exchanged at a future date.