Describe and Explain the Difference in the Kinds of Conclusions

question 68

Essay

Describe and explain the difference in the kinds of conclusions that can be drawn from studies using manipulated independent variables and studies using subject variables.

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Definitions:

Sealed-Bid

A method of auction or tendering process where all bidders simultaneously submit their bids in secret, to be opened at a predetermined time.

Lemons

A term used in economics to describe a product of lower quality that is hard to distinguish from higher quality products before purchase.

Expected Value

The mean of all potential outcomes of a random variable, adjusted according to their individual probabilities of occurrence.

Dipstick

A tool used for measuring the quantity of a liquid in a tank or container, commonly used for checking oil levels in engines.