Quantitative Research Is Most Likely to Be Used When

question 41

Multiple Choice

Quantitative research is most likely to be used when:

• A) the objective is to identify new ideas and thoughts for a product.
• B) the main goal is to uncover unanticipated findings and reactions.
• C) the objective is to understand hidden underlying psychological processes.
• D) the objective is to validate relationships and test hypotheses.
• E) one has access to small samples.

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Definitions:

Good Y

A hypothetical product used in economics to model consumer choice, market interactions, or other economic scenarios alongside another good, typically referred to as Good X.

Consumer

An individual or group who purchases goods or services for personal use and not for manufacture or resale.

Good 2

Refers to a second good or item considered in a theoretical economic model, usually in the context of comparative analyses.

Fixed Ratio

A quantitative relationship between two or more variables where one variable is a fixed multiple of the others, often used to describe proportional relationships in finance and engineering.