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Softa [21]
3 years ago
12

In a business class experiment on the endowment effect, Theo is comparing the value of a coffee mug to someone who owns it and i

s selling it to someone who is buying it. The endowment effect describes the tendency of sellers to value something they own more than buyers do. Participants are randomly assigned to be buyers or sellers of a mug with their first name on it. Buyers select the maximum price they would pay for the mug. Sellers select the minimum price they would accept for the mug. Which is the independent variable in this experiment
Mathematics
1 answer:
labwork [276]3 years ago
7 0
I did this to my phone number I was just kidding I didn’t know what it is but but yes yes I did it was a joke I didn’t mean it to me but but yes yes pinky yes promise you I promise I love it you know what you do with your love and I promise I 8+x0
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A

   The  correct option is B

B

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Step-by-step explanation:

From the question we are told that

    The  sample size is  n  =  232

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The  null hypothesis is   H_o : p  =  0.20

The  alternative hypothesis is  H_a :  p > 0.20

Generally the sample proportion is mathematically represented as

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Generally the test statistics is mathematically represented as

 =>           t =  \frac{\r p  -  p }{ \sqrt{ \frac{p(1- p )}{n} } }

=>           t =  \frac{ 0.216 - 0.20 }{ \sqrt{ \frac{ 0.20 (1- 0.20 )}{ 232} } }

=>        t =  0.6093

The  p-value obtained from the z-table is

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  Given that the  p-value >  \alpha  then we fail to reject the null hypothesis

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