Which of the Following Is Not a Part of the Scientific

question 67

Multiple Choice

Which of the following is not a part of the scientific method in economics?

• A)normative statements
• B)comparing predictions to evidence
• C)formulating a hypothesis
• D)a hypothesis
• E)behavioral assumptions

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Definitions:

α

The symbol commonly used to represent the level of significance in hypothesis testing, indicating the probability of wrongly rejecting the null hypothesis.

Planning Value

A predetermined value or set of values used to guide strategic planning and decision making in various contexts.

Population Proportion

A measure that describes the fraction of individuals in a population having a particular trait or characteristic.

Sample Size

The number of observations or data points collected in a sample, which can influence the accuracy and reliability of statistical estimates.