Due to a Budget Consideration, a Researcher Is Asked to Decrease

question 12

Multiple Choice

Due to a budget consideration, a researcher is asked to decrease the number of subjects in an experiment. Which of the following will occur?

• A) Situation I: The margin of error for a 95 percent confidence will increase.
• B) Situation II: The margin of error for a 95 percent confidence will decrease.
• C) Situation III: The P-value of a test, when the null hypothesis is false and all facts about the population remain unchanged as the sample size increases, will increase.
• D) Situation IV: The P-value of a test, when the null hypothesis is false and all facts about the population remain unchanged as the sample size increases, will decrease.
• E) Situation I and III are both correct.

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Definitions:

Winner-Take-All Markets

Markets in which a small number of sellers or creators receive a large majority of the rewards, leaving little for others.

Substitution Effect

The economic principle that as the price of a good decreases, consumers will substitute away from higher-priced goods, and vice versa.

Trade-off

A situation that involves losing one quality or aspect of something in return for gaining another quality or aspect.

Wage Rate

The standard amount of pay given to workers per unit of time, often expressed per hour or year.