Game Winnings & Education

question 37

Essay

Game Winnings & Education
An ardent fan of television game shows has observed that,in general,the more educated the contestant,the less money he or she wins.To test her belief she gathers data about the last eight winners of her favorite game show.She records their winnings in dollars and the number of years of education.The results are as follows. ​ ​
-{Game Winnings & Education Narrative} Predict with 95% confidence the winnings of a contestant who has 15 years of education.

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Definitions:

Self-serving Bias

A cognitive bias that involves perceiving oneself in a way that is overly favorable, such as attributing successes to personal attributes but failures to external factors.

Unintentional Action

An act performed without conscious thought or intention.

Due to Exhaustion

A state or condition caused by severe physical or mental fatigue, often resulting from extreme effort or stress.

Availability Heuristic

The tendency to judge the frequency or likelihood of an event by the ease with which relevant instances come to mind