In the Study Above What Type of Statistical Test,should Dr

question 42

Multiple Choice

In the study above what type of statistical test,should Dr.Nan use (if subjects have been matched on age or IQ) ?

• A)Independent t-test
• B)Correlated t-test
• C)One-way ANOVA (between subjects design)
• D)One-way ANOVA (repeated measures)
• E)none of these

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Definitions:

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming an additional unit of a product or service.

Utility Function

A mathematical representation of how consumers rank different bundles or combinations of goods according to their level of satisfaction.

Partial Derivative

The derivative of a function of multiple variables with respect to one variable, holding the others constant.

Network Externality

A situation where the value of a product or service increases for a user when more people use it.