In: Finance
1.Difference between an observational and an experimental study
Observational study is the one where the researcher collect data based on what they see and hear.These studies have explanatory and response variables. It is good in case of discovering trends and possible relationships.Sample surveys are observational study.
In case of experimental study helps to prove cause and effect relationship.In this type of study the conditions are controlled and manipulated.The conditions are under direct control of the experimenter. An example can be the laboratory experiments.
2.Three types of observational studies
Independent variable is the one which we change and dependent variable is the one that changes because of that.
19.
Independent variable : 30 minute workout
dependent variable : risk of catching cold
20.
Independent variable : hug and holding hands
dependent variable : effects os stress
21.
Independent variable : happy face of restaurant server
dependent variable : amount of tip
22.
Independent variable :marital status
dependent variable : cause of death