When Explaining How the Data Are to Be Analyzed and Interpreted

question 15

Multiple Choice

When explaining how the data are to be analyzed and interpreted:

• A)it is best to provide only a general plan as things will probably change over the course of the study anyway.
• B)it is best to be as detailed as possible so all contingencies related to analysis and interpretation can be anticipated.
• C)it is impossible to be highly detailed until one has the actual data in hand.
• D)an overly specific plan may bias the analyses or interpretation,impairing the validity of the study.

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Definitions:

Slope

In mathematics and economics, it represents the rate at which one variable changes over the change in another variable, often depicted in graph form.

Isoquant

A line illustrating various input combinations yielding an identical output level according to production theory.

Marginal Product

The increase in output that arises from an additional unit of input, holding all other inputs constant.

Total Cost Curve

A graphic representation showing how total cost changes with changes in the level of output or production.