Which Technique Helps REDUCE Bias Due to Prior Expectations

question 91

Multiple Choice

Which technique helps REDUCE bias due to prior expectations?

• A)the case method
• B)double-blind observation
• C)use of a correlation coefficient
• D)random sampling

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Definitions:

Licensed Vendors

Businesses or individuals who have been granted official permission to sell goods or services, often within a particular jurisdiction or for a specific product.

Economic Practice

A system or set of methods followed in the management and administration of economic affairs.

Price Difference

The disparity in the cost between two related goods, markets, or time periods.

Long-run Equilibrium

A state in which all factors of production and outputs are variable, leading to a situation where all firms in a market are making normal profit.