In Signal Detection Terms, Reporting That a Stimulus Is Present

question 23

True/False

In signal detection terms, reporting that a stimulus is present, when in fact the stimulus was not present, is known as a "false alarm."

---

Definitions:

Economic Profits

Economic profits consist of the total revenue generated by a business minus both its explicit and implicit costs, reflecting the actual profitability including opportunity costs.

Cherry Industry

A sector of agriculture focused on the cultivation, harvesting, and marketing of cherries, including both sweet and sour varieties.

Industry Supply

The total amount of goods or services that producers in a specific industry are willing and able to sell at a given price level.

Long-Run Industry Supply

The relation between the price of a good and the total output produced by an industry once all adjustments have been made.