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A recent Harvard Business Review article titled "When to sleep on it" discusses the usefulness of deliberating a business decision. The article describes a study in which subjects were asked to make a number of decisions and each subject was given the option to decide immediately or deliberate while performing an un related task. The researchers found that subjects who answered immediately made the best decisions and that "the longer our participants thought about their answers, the more likely they were to include irrelevant information at the expense of relevant information".
The article concludes that "conscious deliberation, however long and careful can be a surprising crude and ineffective tool"
A. Is this study observational or experimental? Please explain.
B. Can you think of a confounding factor here?
C. If you could re-design the study how would you do it?
Calculate the standard error of estimate for the regression equation.
By using the normal distribution to approximate the desired probability.
Can you explain to me how the null and alternative hypothesis for one-sample testing differs from two-sample testing; and explain how these two hypothesis' are the same. Please provide a numerical example:
An analysis of variance was used to evaluate the mean differences from a repeated-measures research study. The results were reported as F(3,24)=6.40.
If random sample of 9 loads is selected for weight check, determine probability that mean weight of those loads is more than 40.60 tons.
Explanation on what is the logic behind using the sum of the products of deviation scores as the numerator of the formula for the correlation coefficient?
You calculate the difference in income as (after incentive plan - before incentive plan). You want to test whether income after the incentive plan is different from income before the incentive plan. What are the hypotheses for this test?
a. Is there evidence the mean amount is different from 1.0 gallon (alpha= 0.01)? b. Compute the p-value and interpret its meaning. c. construct a 99% confidence interval estimate of the population mean amount of paint.
a) What statistical test should be used to analyze these data? b) Identify H0 and Ha for this study. c) Conduct the appropriate analysis d) Should H0 be rejected? What should the researcher conclude?
Perform a significance test to assess whether there is an association between mortality from cirrhosis of the liver and duration of employment in the group hired after 1945. Report a p- value.
Determine whether or not the mean waiting time of all customers is significantly more than 3 minutes.
What is the probability of selecting a value at random and discovering that it has a value of less than 395 pounds?
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