A Psychologist Has Designed a New Intelligence Test

question 32

Multiple Choice

A psychologist has designed a new intelligence test.Historically,time to complete the old test was normally distributed with a standard deviation of 5 minutes.A sample of 50 new test taking times yielded an average time of 118 minutes.The 99% confidence interval for the average test taking time is _____.

• A)[116.18,119.82]
• B)[116.36,119.64]
• C)[116.61,119.39]
• D)[115.67,120.33]
• E)[115.82,120.18]

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Definitions:

Financial Decisions

Choices made regarding the management, investment, and utilization of funds within an organization.

Behavioral Finance

A field of finance that proposes psychology-based theories to explain stock market anomalies.

Reasoning Errors

Mistakes in logical thinking or incorrect conclusions drawn from evidence or assumptions.

Financial Decisions

Decisions made by individuals or companies relating to managing money, including investment choices, budgeting, borrowing, and saving.