1) what does it mean if a psychological scientist runs an
experiment and finds a statistically significant result? a) The
likelihood of a Type I error is greater than 5% b) The likelihood
that the result was due to chance is low enough to reject the null
hypothesis c) The theory that the scientist was testing is
proven
2) What decision must a psychological scientist make if an
obtained p-value is greater than the adopted alpha? a) To accept
the...
1) What does the expression "n independent trials" mean?
2) If you carry out an experiment of repeatedly rolling a die
and recording the results. Would that be considered a binomial
distribution experiment?
3) What's the difference between combination and
permutation?
What does it mean to be operating a firm in the "long
run?" What does it mean to be operating a firm in the
"short run"? What are the practical implications for
managing a business if you are in "short run?"