In research a floor effect aka basement effect is when measurements of the dependent variable the variable exposed to the independent variable and then measured result in very low scores on the measurement scale.
Definition floor effects.
A floor effect is when most of your subjects score near the bottom.
In this case since the new price is higher the producers benefit.
Usually this is because of inherent weaknesses in the measuring devices or the measurement scoring system.
In pharmacology a ceiling effect is the point at which an independent variable which is the variable being manipulated is no longer affecting the dependent variable which is the variable being measured.
In clinical testing where the performance being tested is nearly as bad as possible in the treatment and control conditions which precludes the formulation of an effective remedy or solution.
In layperson terms your questions are too hard for the group you are testing.
Ceiling effect is used to describe a situation that occurs in both pharmacological and statistical research.
Floor effects are occasionally encountered in psychological testing when a test designed to estimate some psychological trait has a minimum standard score that may not distinguish some test takers who differ in their responses on the test item content.
There is very little variance because the floor of your test is too high.
In statistics and measurement theory an artificial lower limit on the value that a variable can attain causing the distribution of scores to be skewed.
Psychology definition of floor effect.
With other types if the subject doesn t know they aren t.
It essentially describes when the dependent variable has leveled.
Statistics definitions the floor effect is what happens when there is an artificial lower limit below which data levels can t be measured.
Ceiling effects and floor effects both limit the range of data reported by the instrument reducing variability in the gathered data.
A price floor or a minimum price is a regulatory tool used by the government.
The inability of a test to measure or discriminate below a certain point usually because its items are too difficult.
Limited variability in the data gathered on one variable may reduce the power of statistics on correlations between that variable and another variable.
Floor effect basement effect.
This is even more of a problem with multiple choice tests.