Dr. Wilfredo Mercado was awarded a $3,000 grant to study the drinking behavior of college faculty. Because he has a limited budget, Dr. Mercado is extremely reluctant to use his resources. This unwillingness is an example of:

Question

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Dr. Mercado's reluctance to use his resources despite having a limited budget is an example of parsimony, which refers to the principle of using the simplest or most frugal route to achieve a given objective, often applied in scientific research to use the least amount of resources necessary to test a hypothesis.

Dr Wilfredo Mercado Was Awarded a $3,000 Grant to Study