Ho: 5. Now let's consider the effects of comparing responses across samples. Suppose that groups 1...

Transcribed Image Text:

Ho: 5. Now let's consider the effects of comparing responses across samples. Suppose that groups 1 and 2 used the same people, and that responses for individuals 1 to 8 are listed in each row. Conduct a t-test to evaluate whether or not the shift from hypothetical to real incentives affects people's risk preferences (note: assume that the direction of the difference is not predicted) Be certain to state your null hypothesis, critical values, your test statistic and your result (use a 2-tailed test and a 95% confidence level Test statistic: P(T Ho: 5. Now let's consider the effects of comparing responses across samples. Suppose that groups 1 and 2 used the same people, and that responses for individuals 1 to 8 are listed in each row. Conduct a t-test to evaluate whether or not the shift from hypothetical to real incentives affects people's risk preferences (note: assume that the direction of the difference is not predicted) Be certain to state your null hypothesis, critical values, your test statistic and your result (use a 2-tailed test and a 95% confidence level Test statistic: P(T

Answer rating: 100% (QA)

For the first scenario where groups 1 and 2 used the same people and responses for individuals 1 to ... View the full answer