7. Which of the following biases can be associated with the availability heuristic? A. When ease of recall is not associated with probability. B. Ease of imagination is not related to probability. C. Ignoring base-rate frequencies. D. Illusory correlation.
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7. Which of the following biases can be associated with the availability heuristic?
A. When ease of recall is not associated with
B. Ease of imagination is not related to probability.
C. Ignoring base-rate frequencies.
D. Illusory
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- 1Dr. Summit wants to compare the ability to recall events between older adults and younger adults. What is the appropriate test statistic for each scenario? a. One sample Z-test b. One sample t-test c. two related samples t-test d. two independent samples t-testWhy is it important to report both a measure of central tendency and variability to describe a set of scores? Group of answer choices Sets of data with different central tendencies may have different patterns of variability. Sets of data with the same central tendency may have the same patterns of variability. Sets of data with the same variability may have different patterns of central tendency. Sets of data with the same central tendency may have different patterns of variability.
- A researcher is interested in examining the relationship between ACT scores and college GPA. Participant ACT ?̅ = 29.67; ?? = 3.39 GPA ?̅ = 3.30; ?? = .52 1 24 2.75 2 28 3.25 3 29 3.50 4 35 3.75 5 34 4.00 6 30 3.80 7 29 2.60 8 27 2.68 9 31 3.36 Predict the GPA from an ACT score of 22. Predict the GPA from an ACT score of 25. Find the standard error of the estimate. What does this tell you about your predictions?1. What does it mean to have a skewed distribution? What causes a skew in statistical terms? Are there specific types of business or economic types of data where one would expect the data to be skewed? 2. When would you use the median rather than the mean as a measure of central tendency? Why?A national study conducted by a market research firm, evaluated the top technology companies and their reputations. The following shows how 10 technology companies ranked in reputation and how the companies ranked in percentage of respondents who said they would purchase the company's stock. A positive rank correlation is anticipated because it seems reasonable to expect that a company with a higher reputation would have the more desirable stock to purchase. Company Company A Company B Company C Company D Company E Company F Company G Company Hi Company I Company J Ho: Ps ≤0 Ha: Ps > 0 O Ho: P₂ > 0 H₂: Ps = 0 Reputation Stock Purchase O Ho: Ps+0 Ha: Ps = 0 1 O Ho: Ps 20 Ha: Ps <0 2 3 4 5 6 7 8 9 10 3 1 4 2 9 5 10 6 (a) Compute the rank correlation between reputation and stock purchase. (Round your answer to three decimal places.) 's = 0.709 ✓ (b) Test for a significant positive rank correlation. State the null and alternative hypotheses. Ho: P₂ = 0 Ha: Ps0 7 8 Find the value of the…
- Q个4 3 of 6 200% 5.) If the number 12.3 were added to the dataset below, which statement best describes how its mean and median would change? 70.1, 72.3, 75.6, 78.9, 81.0, 83.8, 84.5, 91.2 A.) The mean and median both decrease, but the mean decreases more. B.) The mean and median both decrease, but the median decreases more. C.) The median doesn't change, but the mean decreases. D.) The mean doesn't change, but the median decreases. 021 Illuminate EducationTM, Inc. ? XP OCa 29In a survey, each participant indicated how much they agreed with the statement, "Hard work is the way to get what you want in life." Which of the following would you expect to have zero correlation, or close to zero correlation, with the response to the above statement? A) Agreement with the statement, "Happiness mostly depends on luck." B) Conscientiousness score on a personality inventory test. C) High school GPA. D) A random number between 0 and 10, chosen by the participant.The National Longitudinal Study of Adolescent Health interviewed several thousand teens (grades 7 to 12). One question asked was “What do you think are the chances you will be married in the next 10 years?” Here is a two-way table of the responses by gender: Opinion Female Male Almost no chance 120 104 Some chance but probably not 141 158 A 50-50 chance 454 499 A good chance 742 729 Almost certain 1168 764 What percent of females thought that they were almost certain to be married in the next 10 years?
