A Statistical Analysis Is Internally Valid If

question 16

Multiple Choice

A statistical analysis is internally valid if

• A)its inferences and conclusions can be generalized from the population and setting studied to other populations and settings.
• B)statistical inference is conducted inside the sample period.
• C)the hypothesized parameter value is inside the confidence interval.
• D)the statistical inferences about causal effects are valid for the population being studied.

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Definitions:

Price Floor

A government-imposed minimum price that can be charged for a good or service, usually set above the market equilibrium price to aid producers.

Surplus

In economic terms, a situation where the quantity of a good or service available exceeds the quantity demanded at a specific price.

Binding Price Floor

A government or regulatory-imposed price control set above the equilibrium price, which prevents the market price from falling below that level.

Potential Sellers

Potential sellers are individuals or entities that may be willing to sell goods or services under the right conditions.