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Use the following to answer questions
Scenario I
Scenario I is based on and presents fabricated data consistent with the following study:
Merikle,P.M. ,& Skanes,H.E.(1992) .Subliminal self-help audiotapes: A search for placebo effects.Journal of Applied Psychology,77(5) ,772-776.doi:10.1037/0021-9010.77.5.772
Merikle and Skanes (1992) investigated the effectiveness of subliminal self-help audiotapes to promote weight loss in overweight females seeking to lose weight.Participants were randomly assigned to groups.Participants in two groups were instructed to listen to audiotapes containing subliminal messages associated with weight loss daily.Group 1 (the subliminal group) actually received these tapes.Group 2 (the placebo group) received tapes containing subliminal messages associated with relieving dental anxiety.Finally,a third group of participants was not given audiotapes and was told that they were on a waiting list to participate in the study.All participants-including the participants on the waiting list-were weighed weekly for 5 weeks.The average total weight loss (and standard deviations) for the three groups after the fifth week is presented in Figure 5.1.
Figure 5.1
-(Scenario I) Suppose that Merikle and Skanes (1992) had studied ONLY the subliminal and placebo groups.Based on these data,what is the MOST reasonable conclusion?
Foreign Currency
Currency used in a country other than one’s own, representing a medium of exchange for goods and services in that foreign country.
Demand
The quantity of a good or service that consumers are willing and able to purchase at a given price over a specific period.
Direct Quote
A foreign exchange rate quoted as the domestic currency per unit of a foreign currency.
Forward Contract
A non-standardized agreement between two parties to buy or sell an asset at a specified future date at a price agreed upon today.
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