How often must a theory be correct to be accurate or useful? (it is also reasonable...

How often must a theory be correct to be accurate or useful? (it is also reasonable to provide two or more different viewpoints and compare/contrast them)

Expert Solution

The theory is build upon a hypothesis. If a null hypothesis is not rejected than the theory can be build on it.Hypothesis is a statement but when proved scientifically with rational data then it becomes a theory. Hence theory is a statement which is considered to be true that is it has validity. Hence taking theory to be universally correct statement a theory must nearly be true always to be qualified as useful and accurate. If theory is not always true than its validity need to be checked or it should be replaced with scientifically more supported accurate theory or a realted theory should merge with its so that it becames true almost every time.

gladiator answered 2 years ago

Hypothesis test It is often useful for companies to know who their customers are and how...

Hypothesis test It is often useful for companies to know who their customers are and how they became customers. In a study of credit card use, random samples were drawn of cardholders who applied for the credit card and credit card holders who were contacted by telemarketers or by mail. The total purchases made by each last month were recorded. Can we conclude from these data that differences exist on average between the two types of customers? Test the claim...

do you think the ideal gas law is a reasonable accurate model to use for calculating...

do you think the ideal gas law is a reasonable accurate model to use for calculating the answer

17. The ‘efficient market’ theory seems to be the reasonable because : a. there are fewer...

17. The ‘efficient market’ theory seems to be the reasonable because : a. there are fewer financial analysts valuing securities b. there are hundreds of investors trying to make money from improperly valued securities and the market forces which results in driving stock prices to a fair value c. A and B d. None of the above 18. Residue cash flows are estimated when: a. the useful lives of alternatives are different b. one asset has a shorter economics life...

What is Diotima's ladder? How does one ascend it? Does this seem like an accurate theory...

What is Diotima's ladder? How does one ascend it? Does this seem like an accurate theory of love and desire? Why or why not? Answer in at most 300 words.

GDP is often used as a measure of well-being. Is it a reasonable measure of well-being?...

GDP is often used as a measure of well-being. Is it a reasonable measure of well-being? If so, why does Norway with its high standard of living have a relatively low GDP? Why do India and China, with their relatively low standards of living have some of the highest GDP in the world?

How is the constant growth dividend model, also known as the “Gordon Model,” useful for estimating...

How is the constant growth dividend model, also known as the “Gordon Model,” useful for estimating the price of equity or determining the cost of equity. When is the model appropriate to use? This model is used frequently by financial analysts, even though no firm has perfectly constant growth. Why do you think this is? Discuss two ways in which the growth rate may be determined. How might one gauge the stability of a growth rate determined using these methods?...

How is race socially constructed in the United States? (Useful to also look back at "Race:...

How is race socially constructed in the United States? (Useful to also look back at "Race: The Power of Illusion" In what ways do ideas of race show up on the internet? Can we disconnect ourselves from ideas of race in cyberspace? How are the authors for this week’s readings approaching these questions? Name one type of ideological or cultural work that race does in cyberspace?

What is the theory of planned behavior? How can we explain how to exercise more often...

What is the theory of planned behavior? How can we explain how to exercise more often using the theory of planned behavior?

International conflicts and conflict resolution How useful is frustration aggression theory to the field of peace...

International conflicts and conflict resolution How useful is frustration aggression theory to the field of peace and conflict studies?

Theories of Personality, explains how you can tell whether a scientific theory is useful, and the...

Theories of Personality, explains how you can tell whether a scientific theory is useful, and the video of Nick Brown provides several reasons to support his claim that there are limits to the scientific study of psychology. Despite these known limits, studying theories can be useful in other ways, such as leading to further research that can give us insight into our personalities and behaviors. Discussion......

Question