In research, what is the importance of experiments? What is meant by randomization in experiments?
What will be an ideal response?
Experiments are tools that help to determine what is causation and what is only correlation. An experiment is a controlled method of investigating causal relationships among variables. Randomization in experiments refers to the assignment of participants by chance, rather than by choice, to a treatment group or a control group.
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Fixing a payment schedule in an agreement:
a. allows the seller to easily access loanable funds. b. increases the uncertainty associated with the cost of production. c. allows the seller to charge a high price for his product. d. ensures the delivery of goods at a high price.
The most powerful individual in the Federal Reserve System is the
A. senior member of the Federal Open Market Committee. B. Superintendent of the Board of Governors. C. Chairman of the Federal Reserve Board. D. New York District Bank President.