Consider the Example of a Respondent Who Indicates an Extremely

question 36

True/False

Consider the example of a respondent who indicates an extremely favorable attitude toward spectator sports on all of the positively worded statements in a survey and an extremely negative attitude on statements that were reversed.Decisions whether such respondents should be discarded,that is,not included in the analysis,can raise ethical concerns.A good rule of thumb is to make such decisions during the data-preparation phase before conducting the analysis.

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Definitions:

Consumer Preference

The inclination of consumers to favor certain products or services over others, often based on factors like quality, price, or brand.

Partial Equilibrium Analysis

An economic analysis method focusing on the equilibrium of a specific sector or market, ignoring the effects on and from other markets.

Equilibrium Conditions

Refers to the state where market supply and demand balance each other, and as a result, prices become stable.

Clear All Markets

A theoretical situation where supply equals demand in all markets, leading to economic equilibrium.