TABLE 13-3
the Director of Cooperative Education at a State

question 76

Short Answer

TABLE 13-3
The director of cooperative education at a state college wants to examine the effect of cooperative education job experience on marketability in the work place. She takes a random sample of 4 students. For these 4, she finds out how many times each had a cooperative education job and how many job offers they received upon graduation. These data are presented in the table below.
$$\begin{array} { l l l } \hline \text { Student } & \text { CoopJobs } & \text { JobOffer } \\\hline 1 & 1 & 4 \\2 & 2 & 6 \\3 & 1 & 3 \\4 & 0 & 1\end{array}$$
-Referring to Table 13-5, the partner wants to test for autocorrelation using the
Durbin-Watson statistic. Using a level of significance of 0.05, the critical values of the test are d_L = _____ , and d_U = ______.

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Definitions:

Framing Error

A cognitive bias where information is interpreted and acted upon based on how it is presented rather than its objective content.

Confirmation Error

The tendency to seek, interpret, and remember information that confirms one's preconceptions or hypotheses, overlooking contradictory evidence.

Availability Bias

A cognitive bias that causes people to overestimate the likelihood of events based on their recall of immediate examples.

Representativeness Bias

A cognitive bias in decision-making where individuals judge probabilities or make judgments based on how much one thing resembles another, often leading to errors in assessment.