Which of the Following Is Not a Step to Average

question 59

Multiple Choice

Which of the following is not a step to average tied ranks?

• A)Compute the mean of the tied ranks.
• B)Assume the ranks are in order.
• C)Rank each score by its effect size.
• D)Shift the remaining ranks accordingly.

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Definitions:

Law of Diminishing Returns

An economic principle stating that as one input in the production process is incrementally increased, holding all other inputs constant, there will be a point at which the added output from each additional unit of input will start to decrease.

Dollars Per Unit

A unit cost measure representing the price or cost of a single item or measure of goods or services.

Elasticity of Product Demand

A measure of the responsiveness of the quantity demanded of a product to changes in its price.

Elasticity of Resource Demand

The measure of how much the quantity demanded of a resource changes in response to a change in its price.