Compared to Structured Questions, Unstructured Questions Are More Likely to Be

question 20

True/False

Compared to structured questions, unstructured questions are more likely to be left unanswered by respondents.

Understand the concept of adverse selection and its implications on markets.

Distinguish between moral hazard and adverse selection and their respective remedies.

Grasp how personal investment influences loan credibility and project viability.

Realize the importance of monitoring and incentives in mitigating employee moral hazard.

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of the middle of a dataset, commonly by using the mean, median, or mode.

Variance

A measure of the distribution of data points in a data set around the mean, indicating how spread out the data points are.

Z-score

A statistical measure representing the number of standard deviations a data point is from the mean of its data set, used in standardizing scores for comparison.

Probability Sampling

Sampling based on random selection of the sample units.