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At the end of 1990, 1991, and 1992, the average prices of a share of stock in a portfolio were $34.83, $34.65, and $31.26 respectively. To investigate the average share price at the end of 1993, a random sample of 30 stocks was drawn and their closing prices on the last trading day of 1993 were observed with a mean of 33.583 and a standard deviation of 19.149. Estimate the average price of a share of stock in the portfolio at the end of 1993 with a 90 percent confidence interval.
Mundane Realism
The degree to which an experiment or research study mirrors the real world, enhancing the generalizability of its findings to everyday situations.
Field Experiment
An experiment conducted in a real-world setting.
Quasi-Experiment
An empirical study used to estimate the causal impact of an intervention, lacking the full random assignment of participants to conditions or orders.
Debriefed
The process of providing a detailed explanation or information to participants after an experiment or significant event has concluded.
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