One of the Advantages of Conducting a Longitudinal Study Instead

question 24

Multiple Choice

One of the advantages of conducting a longitudinal study instead of a cross-sectional study is that:

• A)it shows that the independent variable precedes and predicts changes in the dependent variable over time.
• B)it produces results that are almost always generalizable to the larger population.
• C)it is often inexpensive and the least time consuming of all research designs.
• D)it rarely suffers from the third variable problem and can accurately separate causes from consequences.

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Definitions:

Expected Monetary Value(EMV)

A method employed in making decisions that calculates the mean result in situations where the future holds potential but uncertain events.

Expected Monetary Value

The predicted average amount of money gained or lost from an investment or decision, calculated by considering all possible outcomes and their probabilities.

Gross Profits

Total revenue of a company minus the cost of goods sold.

Payoff Table

A tabular representation of the outcomes (payoffs) of different decisions under various states of nature.