Some Researchers Propose That Significance Testing Should Be Banned and Suggest

question 16

Short Answer

Some researchers propose that significance testing should be banned and suggest using a different approach such as __________.

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Definitions:

Budget Line

An illustration showing all the different pairs of two items that a buyer can afford, considering their financial resources and the pricing of such goods.

Expected Rate

In finance, it refers to the return anticipated on an investment or the interest rate at which money is borrowed or lent.

Risk-Free Asset

An investment that is expected to deliver guaranteed returns with no risk of financial loss.

Expected Rate

A projection or estimate of the rate of return on an investment or the growth rate of an economic variable in the future.