Examlex

Solved

The Next Questions Are Based on the Following Information

question 154

Essay

The Next Questions Are Based On The Following Information:
An engineering research center claims that,through the use of a new computer control system,automobiles should achieve,on average,at least an additional 5 miles per gallon of gas.A random sample of 81 automobiles was used to evaluate this product.The sample mean increase in miles per gallon achieved was 4.5,and the sample standard deviation was 2.9 miles per gallon.
-Find the p-value of this test,and interpret the results.


Definitions:

Availability Heuristic

A cognitive bias in which people judge the probability of events based on how easily examples come to mind, often leading to skewed perceptions of reality.

Base-Rate

The underlying or foundational rate of occurrence for a particular event or outcome within a given population or dataset.

Base-Rate Information

The frequency with which an event occurs within a general population.

Availability Heuristic

A cognitive bias where individuals rely on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.

Related Questions