8. Testing the Anchoring Effect Randomly selected statistics students were given 5 sec to estimate the value of a product of numbers with the results given in the accompanying table. (See the Cooperative Group Activities at the end of Chapter 3.) Do the samples appear to be significantly different?

Estimates from Students Given 1 3 2 3 3 3 4 3 5 3 6 3 7 3 8 1560 169 5635 25 842 40,320 5000 500 1110 10,000 200 1252 4000 2040 175 856 42,200 49,654 560 800 Estimates from Students Given 8 3 7 3 6 3 5 3 4 3 3 3 2 3 1 100,000 2000 42,000 1500 52,836 2050 428 372 300 225 64,582 23,410 500 1200 400 49,000 4000 1876 3600 354 750 640