Why Did Social Scientists Develop Statistical Methods to Test Their

question 36

Multiple Choice

Why did social scientists develop statistical methods to test their theories?

• A)They believed that humans were reducible to numerical quantities.
• B)They sought to discover how average individuals functioned and ignore the below average or exceptional.
• C)They believed that numerical averages were superior to observation as a form of analysis.
• D)They sought to analyze the massive sets of numerical data that governments had collected.

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Definitions:

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

Compounded Semiannually

Interest that is computed and appended to the original amount semi-annually.

Effective Rate

The actual interest rate that an individual earns or pays on an investment, loan, or other financial product, after compounding and other factors are taken into account.

Car Loan

A financial loan specifically used to purchase a car, typically secured by the car itself as collateral.