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Name: Calculate the power of this study given the following information: A p
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Description: Calculate the power of this study given the following information: A population of people with bad money-saving habits needs an intervention. The amount of money they save monthly is µ = 0 with a σ = 42. Researchers hypothesize that watching the HGTV

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Calculate the power of this study given the following information:

A population of people with bad money-saving habits needs an intervention. The amount of money they save monthly is µ = 0 with a σ = 42. Researchers hypothesize that watching the HGTV show Flip or Flop will encourage these folks to save money (e.g., to help save for a down payment on a new house). The researchers hypothesize that this “treatment” will increase scores in a sample of n = 36 by $40, to a new population mean of µ = 40.

a. What is the power of this study, given a two-tailed hypothesis and an α = .05?

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