The Central Point Behind the Three Strange Stories That Begin

question 5

Multiple Choice

The central point behind the three strange stories that begin Chapter 3 (e.g. ,the story about the beginner's golf shot) is that:

• A)most laypeople have no appreciation of concepts like reliability and validity
• B)single observations cannot be studied scientifically
• C)almost all individual measurements include components of error or luck
• D)reliability and validity are not the same thing

---

Definitions:

Honoring

The act of fulfilling or adhering to agreements, commitments, or payments.

Dishonoring

Dishonoring occurs when a promised payment, such as a check or electronic payment, is not completed due to insufficient funds or rejection by the bank.

Note Receivable

A written promise for a specified amount of money to be paid by a debtor at a certain future date.

Principal

The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or profits.