Random and representative of typical performance

Assignment Help Business Economics
Reference no: EM132367533

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.  

  • Give at least one possible problem with this plan. (Why would you not necessarily get data that is random and representative of your typical performance?)
  • Give at least one suggestion for improvement.  

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.

Reference no: EM132367533

Questions Cloud

Describe what process you would go through : Describe what process you would go through to determine student's GPA in your school using a stratified sample.
What is the probability that is stops on a red space : what is the probability that is stops on a red space exactly two times?
Find the probability that player b selects the second blue : If a die is rolled and the number appearing on the upper face is strictly less that 3, then player A will start first; otherwise player B will start first
Difference between central limit theorem and t-test : What is the difference between central limit theorem and t-test? When to apply CLT and when to apply t-test when computing condifence interval?
Random and representative of typical performance : 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.
Determined from the information given : 1. A town has 100,000 families; 0.1 of 1% of these families have incomes over $200,000 a year. The number of such families is.
Mean height for offspring : What is wrong with the conclusion that eventually all heights will be close to their mean?
What is the independent variable : In a study examining the effects of arrest on convicted drunk drivers' future drunk-driving behavior, what is the independent variable?
What are the two possible explanations for janine : What are the two possible explanations for Janine getting 17 out of 30 right-handed short serves in bounds?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd