A Computer Package Was Used to Generate the Following Printout $$X=\text { sale price }$$

question 98

Essay

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood. $$X=\text { sale price }$$
$$\begin{array}{r}\text {SAMPLE MEAN OF X \( =\quad 46300\)}\\\text {SAMPLE STANDARD DEV \( =13747 \)}\\\text {SAMPLE SIZE OF X \( =25 \)}\\\text {CONFIDENCE \( =\quad 90 \)}\\\\\text {UPPER LIMIT \( =\quad 51003.90 \)}\\\text {SAMPLE MEAN OF \( X=46300 \)}\\\text {LOWER LIMIT \( =31596.10 \)} \end{array}$$

A friend suggests that the mean sale price of homes in this neighborhood is $42,000. Comment on your friend's suggestion.

Understand the concept of attribution theory, including situational and dispositional attributions.

Identify factors that contribute to various attribution biases such as the actor-observer effect, fundamental attribution error, and self-serving bias.

Distinguish between high and low consensus, consistency, and distinctiveness cues in attribution theory.

Recognize the negative impacts of stereotypes and biases on workplace diversity and inclusion.

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Definitions:

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Egas Moniz

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