A Behaviorist Has Performed the Following Experiment

question 55

Essay

A behaviorist has performed the following experiment.For each of 10 sets of identical twins who were born 30 years ago,he recorded their annual incomes,according to which twin was born first.The results (in $1,000s)are shown below.Can he infer at 5% significance level that there is a difference in income between the twins?

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Definitions:

Market Transaction

An exchange of goods, services, or financial assets in return for money between parties within a marketplace.

Emission Control Devices

Technologies or equipment installed on vehicles or industrial plants to reduce pollutants released into the atmosphere.

External Costs

Costs that are not borne by the parties involved in an economic transaction but by other individuals or society at large.