You Have Collected Data About the Average Response Time of Participants

question 1

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. More than half your respondents take longer than 16 seconds to respond and one third take less than 12 seconds to respond. What is the median response time of your participants?

• A) The same as the mean response time
• B) Greater than 16 seconds
• C) 16 seconds
• D) Unable to determine

Recognize and explain the theoretical distribution of F-ratios.

Identify the role of differences (within and between groups) in statistical analysis.

Calculate SSBG (Sum of Squares Between Groups) based on given values.

Relate F-ratios to research hypotheses.

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Definitions:

Pure Capitalist Economy

An economic system where private individuals and firms control all resources, and market forces determine resource allocation with minimal government intervention.

Price Mechanism

The system by which the forces of supply and demand determine the prices of goods and services and allocate resources within an economy.

John Kenneth Galbraith

John Kenneth Galbraith was an influential Canadian-American economist and public intellectual who contributed significantly to the development of modern economic thought, particularly in the areas of consumer behavior, public policy, and economic history.

Mixed Economy

An economic system that combines private and public enterprise, incorporating elements of both capitalism and socialism.