Question

In: Math

. Many people believe that having more money will make them happy. Dr. Shakespeare designed an...

. Many people believe that having more money will make them happy. Dr. Shakespeare designed an experiment in which he randomly and evenly assigned 15 people to three groups. He gave one group nothing, gave the second group a little money, and gave the third group a lot of money. The next day, he asked each group to report their happiness on a mood scale (0-100 with a higher score indicating happier mood). The first group reported an average of 80, the second 90, and the third group 85.  Using the SS totalprovided in the following table to examine if the amount of money has an effect on the perceived happiness (make sure to fill out the ANOVA table). If yes, how? (14pts)

Source

SS

df

MS

F

Factor A

___

___

___

____

Error

___

___

___

Total

500

___

Solutions

Expert Solution

No,money don't have any kind of effect on the happiness of people.Because as we can see here all the three groups are given different different ammount of money but when they are asked to rate their mood on the meter ,their is very less difference in their happiness mood ratings which signifies that happiness can be brought by money.According to me happiness is of two types physical happiness and mental happiness.Mental happiness all about our internal state of mind ,what situations and circumstances we are going through in our life.But the physical happiness I think can be brought like people nowadays wants to wear good clothes,have a branded mobile phone,car etc..So these all can be brought by money and after getting all this they will be happy.so,if they are asked to rate their mood so surely they would rate good.But,the conclusion is money can please you sometime by providing you goods but It can't make someone happy for a longer period of time.


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