If a Researcher Finds Interaction Between Variable X and Y

question 19

Multiple Choice

If a researcher finds interaction between variable X and Y after controlling for Z,what would be the next step in the statistical analysis?

• A)disregard Z and select a new control variable
• B)disregard X and select a new independent variable
• C)disregard Y and select a new dependent variable
• D)incorporate Z into the analysis

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Definitions:

Total Output

The total quantity of goods and services produced by an economy, sector, or individual producer over a specified period.

Coincidence-of-Wants Problem

Refers to the difficulty in barter transactions where each party needs to have what the other wants and be willing to trade for it simultaneously.

Trade by Barter

The exchange of goods or services between parties without the use of money as a medium of exchange.

Capital Goods

Long-term assets such as buildings, machinery, and equipment used by businesses to produce goods and services.