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For Questions Below, Use the Following: a Researcher Wonders If

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For questions below, use the following: A researcher wonders if students will spend more time studying for a quiz if they are told that a high mark on that quiz will excuse them from writing a term paper. Two groups of college students were randomly selected from a large lecture course in art history. The students in Group 1 were simply told that they would have their first art-history quiz two days later. In Group 2, they were told the same thing, except that the promise of "no term paper" for high quiz performance was added. Just before taking the quiz, all students in both groups reported (in hours) the time they had spent preparing. In Group 1, the times were 6, 4, 9, 3, 2, 5, 7, 4, 7, 6. In Group 2 the times were 12, 5, 13, 5, 5, 7, 9, 6, 9, 6.
-Calculate the means for each group


Definitions:

Stock Splits

occur when a company divides its existing stock into multiple shares to boost the liquidity of the shares, though the overall value of the company doesn't change.

Economic Benefit

The advantage or gain derived from an economic action or activity such as investments, consumption of goods, and services.

Trading Range

The range within which a security or a market index fluctuates over a specified period.

EPS

Earnings Per Share, a financial ratio that measures the amount of profit attributed to each outstanding share of a company's common stock, indicating the company's profitability.

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