If the Bid Price Is $15

question 54

Multiple Choice

If the bid price is $15.12 and the ask price is $15.14, the bid-ask spread is ________.

• A)$0.03
• B)$0.01
• C)$0.04
• D)$0.02

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Definitions:

Demand Characteristics

Subtle cues or signals in an experimental setup that suggest to participants what behavior is expected or desired, potentially influencing the outcomes of the study.

Replicability

The ability of a study or experiment to be repeated or reproduced to verify results and confirm reliability and validity of findings.

Illusory Correlation

A cognitive bias where a relationship between two variables is perceived despite no such relationship existing.

Clever Hans Effect

The phenomenon where a person or animal in a study can pick up on subtle, unintentional cues from their interactants, leading to seemingly intelligent responses.