A student completing a research project for a criminal justice class obtained a radar gun for determining automobile speeds and recorded the speeds of automobiles passing a fixed location over a period of several hours. The student was unaware that the device needed to be recharged after two hours of use and that the speeds recorded after two hours were not reliable. What type of problem has
occurred?
A) selection bias B) measurement error C) nonresponse bias
B
Business
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Laws that prohibit retail stores from being open for business on Sundays are called blue laws.
a. true b. false
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When a lender speaks of "discounting," the lender is probably referring to:
A: The process of determining the actual yield of a given loan by adjusting the variable interest rate; B: The difference between the nominal interest rate and the effective interest rate on a specific loan; C: The process of determining the effective interest rate; D: The loan proceeds disbursed by the lender are less than the face value of the note.
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