Assume a Study Indicates That Attending a Class on Blackjack

question 37

Multiple Choice

Assume a study indicates that attending a class on blackjack strategy improved average winnings by 50 percent. If the null hypothesis is true and the p-value for the 50 percent improvement in winnings is 0.04, then there is a ________ chance of improving your blackjack winnings by 50 percent.

• A) 0.2%
• B) 0.4%
• C) 4%
• D) 20%

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Definitions:

Social Psychology

The scientific study of how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Cognitive Misers

A term that conveys the human tendency to avoid expending effort and cognitive resources when thinking and to prefer seizing on quick and easy answers to questions.

Mental Effort

The amount of cognitive resources required to perform a task or understand a concept.

Introspective

A reflective process where an individual examines their own thoughts, feelings, and motives.