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Develop the Knowledge Skills

...

Course

MNB1501

Subject

Statistics

University

University of South Africa

Season

N/A

92 Pages
Participants in Anchor

id phone_number Chalons_estimate 1 450 700 2 431 312 3 4 1115 798 5 1046 10 6 603 300 7 316 1860 8 936 453 9 220 236 10 234 90 11 973 100 12 394 140 13 535 329 14 951 1100 15 842 400 16 ...

Course

ATHK1001

Subject

Statistics

University

The University Of Sydney

33 Pages
Effect of Anchoring on Estimation

Running head: EFFECT OF ANCHORING ON ESTIMATION 1 Effect of Anchoring on Estimation Student Name University Date EFFECT OF ANCHORING ON ESTIMATION 2 Solution Question 1 For the participants wi ...

Course

ATHK1001

Subject

Statistics

University

The University Of Sydney

2 Pages
Tversky and Kahneman

...

Course

ATHK1001

Subject

Statistics

University

The University Of Sydney

stats210 Statistics

Question

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A number of minor automobile accidents occur at various high-risk intersections despite traffic lights. The traffic department claims that a modification in the type of light will reduce these accidents. The traffic commissioners have agreed to a proposed experiment. Eight intersections were chosen at random, and the lights at those intersections were modified. The numbers of minor accidents during a six-month period before and after the modifications were as follows: Number of Accidents A B C D E F G H Before modification 9 11 4 6 3 3 4 8 After modification 1 8 3 4 4 0 4 6 At the 0.01 significance level, is it reasonable to conclude that the modification reduced the number of traffic accidents? a. State the decision rule. (Negative answer should be indicated by a minus sign. Round the final answer to 3 decimal places.) Reject H0 if t < . b. Compute the value of the test statistic. (Negative answer should be indicated by a minus sign. Round the final answer to 3 decimal places.). The test statistic is . c. What is your decision regarding the null hypothesis? Decision: (Click to select) H0. There is (Click to select) evidence to reject H0. The mean number of accidents (Click to select) reduced.

stats210 Statistics

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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Develop the Knowledge Skills

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Participants in Anchor

id phone_number Chalons_estimate 1 450 700 2 431 312 3 4 1115 798 5 1046 10 6 603 300 7 316 1860 8 936 453 9 220 236 10 234 90 11 973 100 12 394 140 13 535 329 14 951 1100 15 842 400 16 17 18 433 500 19 20 495 200 21 661 1521 22 1175 300 23 24 880 200 25 953 678 26 248 769 27 5 ...

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Effect of Anchoring on Estimation

Running head: EFFECT OF ANCHORING ON ESTIMATION 1 Effect of Anchoring on Estimation Student Name University Date EFFECT OF ANCHORING ON ESTIMATION 2 Solution Question 1 For the participants with phone numbers below or equal to the median, the estimate for the Battle of Chalons has (M =506.5 ...

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