Exhibit 7-12: an Investigator Is Studying the Effect of Two

question 1

Multiple Choice

Exhibit 7-12: An investigator is studying the effect of two physical fitness programs (M and N) on boys and girls.The experimental design is a 2 * 2 factorial design.The results of the investigation might be one of the following four conditions.
$\begin{array}{l}\begin{array}{lll}&\text { Condition (a) }\\&\mathrm{M} & \mathrm{N} \\\text { Boys }&\mathrm{X}=50 & \mathrm{X}=60 \\\text { Girls }&\mathrm{X}=60 & \mathrm{X}=50\end{array}\begin{array}{lll}&\text { Condition (b) }\\&\mathrm{M} & \mathrm{N} \\\text { Boys }&\mathrm{X}=50 & \mathrm{X}=60 \\\text { Girls }&\mathrm{X}=40 & \mathrm{X}=60\end{array}\end{array}$

$\begin{array}{l}\begin{array}{lll}&\text { Condition (c) }\\&\mathrm{M} & \mathrm{N} \\\text { Boys }&\mathrm{X}=50 & \mathrm{X}=40 \\\text { Girls }&\mathrm{Y}=60 & \mathrm{Y}=50\end{array}\begin{array}{lll}&\text { Condition (d) }\\&\mathrm{M} \quad\quad\quad\quad\quad\quad\quad\quad \mathrm{N} \\&\text { None of these condition }\\\\\end{array}\end{array}$

-Sampling error refers to

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Definitions:

Endowment Effect

A psychological phenomenon in which people value an owned object higher than a similar object they do not own.

Resale

The act of selling a previously bought product, typically used, to another buyer.

Status Quo Bias

The tendency for people to prefer things to stay the same by doing nothing or sticking with a decision made previously.

Prospect Theory

A psychological theory that describes how people make decisions based on the potential value of losses and gains rather than the final outcome.