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In Questions make the assumption that the change in housing prices exactly matches the change in the CPI. In fact, housing is only part of the CPI, and figures into the CPI through rents rather than sale prices, so this assumption may be far from correct.
-John sold a house in 2003 for twice the amount that he paid for it. When did he purchase the house? (Use Table 21.5.)
Random Assignment
A process used in experimental designs to assign subjects randomly to either the treatment group or the control group, ensuring that each participant has an equal chance of being placed in any group.
Equivalent
Equal in value, function, or meaning.
Confounding Variables
Variables that are not the primary interest of a study but can influence the outcome, making it difficult to establish a clear cause-and-effect relationship.
Independent Variable
A variable that is manipulated or changed in an experiment to determine its effect on the dependent variable.
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