# Reconsider the study mentioned in the previous exercise about guessing the size of Milwaukee’s…

Reconsider the study mentioned in the previous exercise
about guessing the size of Milwaukee’s population. Do the data provide evidence
of the anchoring phenomenon among students like the ones in this study? Suppose
that instead of comparing the average guess for Milwaukee’s population (Chicago
vs. Green Bay), we wanted to compare the median guesses. Recall that the data
set is titled Milwaukee and that the first column contains the city mentioned
to subjects and the second column contains the guesses for the population of
Milwaukee (in thousands, to the nearest thousand).

a. Use an appropriate randomization-based applet to find a
p-value to test whether there is strong evidence of the anchoring phenomenon
among students like the ones in this study. Report and interpret the p-value in
the context of the study.

b. Use the p-value to indicate the strength of evidence
against the null hypothesis.

c. Calculate an appropriate standardized statistic and
interpret the standardized statistic in the context of the study.

d. Use the 2SD method to find a confidence interval for the
parameter of interest. Report this interval and interpret the interval in the
context of the study.

e. Do the results from the 95% confidence interval agree
with your conclusion in part (b)? How are you deciding?

f. Give a full conclusion, including significance,
estimation, causation, and generalization

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