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Suppose that you would like to find out whether you react faster in the morning or in the evening. (You can use an online test like this one linked below to test your reaction times: Human Benchmark Test ) (Links to an external site.)
For reasons that will be explained later in the course, you need samples of at least 30 trials at each time of day in order for the test to be valid. You have decided to do 40 trials at each time in case there are some outliers that need to be discarded.
You don't need to collect data right now, but you should start thinking about data collection plans that give data that is random and representative.
One possible plan for collecting data would be to repeat the test 40 times in one morning session and 40 times in one evening session.
If you feel that the questions above have been answered adequately by other students in the class, here is a new scenario. Suppose that, instead of comparing your own reaction times at different times of day, you would like to compare your reaction times with those of a friend. You repeat the test 40 times on one day, and your friend repeats the test 40 times on another day.
Bond Yields - A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%.
Use the midpoint method to Compute your cost elasticity of demand as the cost of DVD's
You notice that several employees from the former Soviet Union speak Russian together in the workplace - As her manager, how do you address the situation
Keynesian theory tells us that there are three approaches government can take to move an economy out of recession:
Is there a course lecture on the available image classification libraries such as ImageNET?
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q.your firm is considering the purchase of an old office building with an estimated remaining service life of 25 years.
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Burger King and Wendy’s are engaging into the following one-shot game: if Burger King advertises and Wendy’s does not, Burger King will make $20 million in profits and Wendy’s will make $6 million. Write the payoff matrix for the above game. Does Bur..
According to a study, the scale of scores on an IQ test of adults is approximately Normal with mean 98 and standard deviation 17. The organization MENSA, which calls itself "the high-IQ society," requires an IQ score of 130 or higher for membership. ..
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