Solved

You Have Collected Data About the Average Response Time of Participants

question 3

Multiple Choice

You have collected data about the average response time of participants in your study. You are delighted to find that the variable is normally distributed. The mean response time is 30 seconds and the standard deviation is 4 seconds what percent of your subjects would you expect to respond in 26-34 seconds?

Definitions:

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.

Interest Rate

The fee, shown as a percentage of the principal, that a lender requires from a borrower for the utilization of assets.

Purchase

The act of acquiring goods or services in exchange for money, constituting a financial transaction.

Compounded Annually

Refers to the process of earning interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.