A Researcher Selects a Sample of 24 College Students and Has

question 30

Multiple Choice

A researcher selects a sample of 24 college students and has them rate their liking for two advertisements aimed at improving the image of the college.The researcher finds that liking ratings significantly differed,t = 2.900.Use omega-squared to compute the proportion of variance for this result.

• A) = 0.29
• B) = 0.24
• C) = 0.21
• D)There is not enough information to answer this question.

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Definitions:

External Cost

External cost is a cost incurred by a third party who did not agree to the action that caused the cost, often seen in pollution or other forms of environmental impact.

MC

An abbreviation commonly used for "Marginal Cost," which refers to the additional cost incurred by producing one more unit of a good or service.

Liability Rule

A legal principle that allocates the economic burden of damages to the party responsible for causing harm.

Coase Theorem

A principle stating that if trade in an externality is possible and there are no transaction costs, parties will negotiate to produce an efficient outcome.