Results of a Small Experiment Show That People Are Likely

question 15

Multiple Choice

Results of a small experiment show that people are likely to offer a different amount for used exercise equipment when bargaining with a friend than when bargaining with a
Stranger. The p-value from testing the difference in mean offers was equal to 0.00162.
At an α = 0.05, the correct conclusion is to

• A) reject the null hypothesis.
• B) fail to reject the null hypothesis.
• C) conclude that there is no difference between bargaining with a stranger versus a friend.
• D) Both A and C.
• E) Both B and C.

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