Suppose You Were Interested in Conducting a Study Examining How

question 134

Short Answer

Suppose you were interested in conducting a study examining how ratings of similarity between oneself and another person were related to how attracted one is to the other person.You conduct this study by giving participants a description of a person named "Sarah." Participants are asked to read the description and then rate on a scale from 1 to 10 how similar Sarah is to themselves.You also ask each participant to rate on a scale from 1 to 20 how likeable they think Sarah is.
X = rating of similarity of target to oneself
Y = rating of likability of the target ("Sarah")
62 people participate in your study,and you obtain the following data:
= 6.00 SCP = 66
= 10.00 SS_X = 40
SS_Y = 136
Calculate the Pearson correlation coefficient for the above data.

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Definitions:

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford with a fixed income and prices.

Indifference Curve

A graph representing different bundles of goods between which a consumer is indifferent, showing combinations that give the consumer the same level of satisfaction.

Income

The amount of money or its equivalent received during a period of time in exchange for labor, goods, or services, or as profit on capital.

Indifference Curves

Graphical representations in economics showing combinations of goods among which a consumer is indifferent, helping to analyze consumer choices.