An Experiment Is Conducted to Test the Hypothesis That Taking

question 221

Essay

An experiment is conducted to test the hypothesis that taking gingko supplements increases memory.Participants are randomly assigned to receive gingko or placebo pills for a month and then their memory is tested.If the gingko group's average test score is 3 points higher than the placebo group,can the researchers conclude that the results support the hypothesis? If not,what do the researchers need to do to determine if the results support the results or not?

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Definitions:

Perfectly Elastic

A situation in demand or supply where quantity changes infinitely in response to any change in price.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs.

Accounting Profits

The total revenue of a business minus the explicit costs and depreciation expenses; it's a measure of a company's financial performance according to standard accounting principles.

Most Efficient Output

Refers to the highest amount of goods or services that can be produced with a given set of resources and technology without wasting any resources.