What Do You Think Would Be the Cobb-Douglas Single Best

question 12

Multiple Choice

What do you think would be the Cobb-Douglas single best prescription for poor countries to catch up with the rich?

• A)to increase their stock of capital
• B)to increase their labor force
• C)to find more efficient ways to allocate and use capital and labor
• D)to ask help of the rich countries
• E)none of the above

Interpret the results and implications of non-parametric hypothesis testing.

Apply the normal approximation for large sample sizes in non-parametric tests.

Identify the conditions under which the Kruskal-Wallis test is appropriate for comparing more than two independent samples.

Understand how to rank data and deal with ties in non-parametric tests.

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Definitions:

Extraneous Variables

Any variable other than the independent variable that may affect the outcome of an experiment and should be controlled or accounted for.

Qualitative Research

A method of research used primarily in the social sciences that focuses on understanding how people interpret and make sense of their experiences and the world around them, often through interviews, observation, and textual analysis.

Quantitative Data

Data that can be quantified and verified, usually numerical in nature, used in statistical analysis to identify patterns, trends, and relationships.

Social Psychologists

Scientists who study how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.