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Researchers at a University decided to test the hypothesis that restaurant servers who squat to the level of their customers would receive a larger tip. In the experiment, the waiter would flip a coin to determine whether she/he would stand or squat next to the table. The waiter would record the amount of the bill and the tip and whether she/he stood or squatted.
1) Discuss possible extraneous variables and how they could be controlled.
2) Discuss the role of random assignment in this study.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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Calculate gross national product and net national product
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