DrMoynihan Conducts a Study Examining the Relationship Between the Number

question 39

Essay

Dr.Moynihan conducts a study examining the relationship between the number of panic attacks a person experienced in the past month,the number of nightmares experienced in the past month,and people's levels of neuroticism (a personality trait characterized by instability,anxiety,and worry).She collects a convenience sample of 50 community college students (25 males,25 females).Below are her findings.
-A-number of panic attacks in the past month and neuroticism: r = -.03,not sig.
-B-number of panic attacks in the past month and number of nightmares in the past month:
r = -.14 (p = .05)
-C-number of nightmares in the past month and neuroticism: r = .48 (p = .003)

-What is an outlier? What aspect of Dr.Moynihan's study makes her findings especially susceptible to outliers? Why is this a problem?

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Definitions:

Face Amount

The nominal value of a financial instrument as stated on the face of the document, not including interest or earnings.

Contract Rate

The agreed-upon rate for financial transactions or payments defined in a contractual agreement.

Effective Interest Method

A method of computing the amortized cost of a bond and the interest expense over its life by applying a constant interest rate.

Bond Discounts

The variance between a bond's stated value and the amount it fetches on the market when it ends up selling for beneath that stated value.