(Consider This)According to Economist Milton Friedman (1912-2006),the Source of Instability

question 78

Multiple Choice

(Consider This) According to economist Milton Friedman (1912-2006) ,the source of instability in the economy could be thought of as a:

• A) baseball manager (the Fed)that removes his starting pitcher too soon and sees a five-run lead evaporate in a single inning.
• B) duck hunter (the Fed)who starts shooting at ducks well before they fly over.
• C) a camp councilor (the Fed)who is wearing a baseball cap that has two bills and says,"I am the leader;which way did they go?"
• D) backseat car passenger (the Fed)who occasionally leans over the front seat and abruptly jerks the steering wheel to the left or to the right.

Comprehend the role and importance of tight, efficient writing for online audiences.

Distinguish between various sections and their specific roles in the context of reports and proposals.

Understand the necessities when responding to a request for proposal (RFP).

Differentiate between an abstract, synopsis, and executive summary and their uses.

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Definitions:

Type I Error

Error that occurs when the null hypothesis is true but the decision is made to reject the null hypothesis.

Probability

Likelihood of occurrence of a particular outcome of an event given all possible outcomes.

Familywise Error

The probability of making one or more false discoveries, or type I errors, when performing multiple hypotheses tests.

Scheffé Test

Statistical procedure used to control familywise error when conducting all possible simple and complex comparisons in a set of data.