TABLE 10-4 a Real Estate Company Is Interested in Testing Whether, on Whether

question 168

Multiple Choice

TABLE 10-4
A real estate company is interested in testing whether, on average, families in Gotham have been living in their current homes for less time than families in Metropolis have. Assume that the two population variances are equal. A random sample of 100 families from Gotham and a random sample of 150 families in Metropolis yield the following data on length of residence in current homes.

-Referring to Table 10-4, what is a point estimate for the mean of the sampling distribution of the difference between the 2 sample means?

• A) -22
• B) -10
• C) -15
• D) 0

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Definitions:

Equity Theory

A concept in social psychology that posits individuals determine the fairness of their job benefits and rewards by comparing themselves to others in similar situations.

Performance Feedback

The process of providing individuals with information regarding their performance level, often with suggestions for improvement.

Optimal Frequency

The most efficient or effective rate at which a particular operation, process, or activity is carried out for desired results.

Equity Theory

A theory in social psychology that posits individuals assess their own input-to-outcome ratios in comparison to others to determine fairness in work settings or relationships.