In a Small Study,a Group of Students in an Experimental

question 284

Multiple Choice

In a small study,a group of students in an Experimental Psychology course collected scores on two variables - Variables A and B - from five participants as follows: Participant 1: A = 3,B = 10; Participant 2: A = 3,B = 9; Participant 3: A = 8,B = 4; Participant 4: A = 6,B = 6; Participant 5: A = 10,B = 1."The mean score on Variable A is 6,and the variables are not correlated," Ivy notes."The mean Variable B score is 5,and the variables are negatively correlated," John states."No,the mean score on B is 6; but,yes,A and B are negatively correlated," Kenya remarks."Wait.The mean score on A is 5," Lara adds.Which of these students is correct?

• A) Only John is correct.
• B) Kenya and Lara are correct.
• C) John and Lara are correct.
• D) Only Kenya is correct.

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Definitions:

Fair Value Method

This method involves estimating the price of an asset or liability in an orderly transaction between market participants at the measurement date.

Amortized Cost Method

An accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time, essentially reflecting the cost of the asset over its useful life or payback period.

Equity Method

An accounting technique used by companies to assess the profits earned through their investments in other companies.

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, but has not yet been sold.