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A psychologist is interested in knowing whether adults who were bullied as children differ from the general population in terms of their empathy for others. On a questionnaire designed to measure empathy, the mean score for the general population is 38.26. Random sampling of 25 scores obtained from individuals who were bullied yielded a mean of 51.4 and a standard deviation of 7.31. (Use these numbers only for this question!)
Calculate the 99% confidence interval.
Steps:
As you know, two values will be required to complete the following equation:
_________ ≤ µ ≤ __________
For this question, what is the value that is above or greater than µ?
Why did prior to 1945 nearly all neoclassical economists agreed that democracy and capitalism were natural enemies?
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Discuss the common allegation that when all firms in an industry are charging the same price, this indicates the absence of competition and the presence of some form of price-setting agreement.
Suppose the equilibrium price of oranges is .79, but government takes steps to prevent the price from exceeding .60. The likely result will be a:
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