The Primary Goal(s) of a Designed Experiment Are(is) To

question 16

Multiple Choice

The primary goal(s) of a designed experiment are(is) to:

• A) determine the variable(s) and their(its) magnitude that influences the process
• B) determine the levels for these variable(s)
• C) determine the appropriate diagram
• D) a and b

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Definitions:

Spending Multiplier

The ratio of the change in total output to the initial change in spending that brought it about.

Marginal Propensity

The proportion of an additional income that an individual or population spends on consuming rather than saving.

Multiplier Effect

The economic concept that an initial increase in spending leads to a greater increase in national income and total economic output.

Investment Accelerator

A concept where an increase in national income or gross domestic product leads to a proportionate increase in investment spending.