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Dr. Cigainero hypothesizes that people who prefer horror movies are naturally less fearful than those who prefer romantic comedies. She also hypothesizes that fearfulness varies by sex. To test her hypothesis she asks male and female undergraduates what their favorite movie genre is. She randomly selects 25 men and 25 women who indicated horror, and 25 men and 25 women who indicated romantic comedy. These 100 participants are then invited to complete the 72-item Fear Survey Schedule (FSS). The higher someone scores on the FSS, the more generalized fear and anxiety that person has. The descriptive data indicate men and women who prefer horror movies reported less fear than men and women who prefer romantic comedies. The t-tests Dr. Cigainero used to analyze the data support the descriptive statistics. Men who preferred horror movies were significantly less fearful than men who preferred romantic comedies (t(49) = 4.72, p >.05), and women who preferred horror movies were significantly less fearful than women who preferred romantic comedies (t(49) = 3.89, p > .05).
What was wrong with the statistical measures used in this study? Fix it!
Supplies Expense
An expense account that records the cost of consumable items used during an accounting period, such as office supplies.
Purchases
Transactions where goods or services are exchanged for money, typically recorded in the accounting period in which they occur.
Income Summary Account
An income summary account is an account used in the closing process that temporarily holds the balances of all income and expense accounts before transferring the net result to capital or retained earnings.
Net Loss
The amount by which company expenses exceed its revenues over a specified period, indicating a loss in financial performance.
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