Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Chapter 18, Problem 10P
To determine
Reason for a comment with a random upvote/downvote/no-vote to get upvote/downvote/no-vote.
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Three researchers are evaluating taste preferences among three leading brands of cola. After participants taste each brand, the first researcher simply checks to see if participants can distinguish them reliably by labeling each cola as "same" or "different" from the others, by giving them the same or different letter or number code. The second researcher asks each participant to identify the most preferred, the second most preferred, and the least preferred. The third researcher asks each participant to rate each of the colas on a 10-point scale, where a rating of 1 indicates “terrible taste” and 10 indicates “excellent taste," with the assumption that the difference betweeen a rating of 4 and 6 is the same as the difference between a 6 and 8. Identify the scale of measurement used by each researcher.
nominal; ordinal; interval
interval; ordinal; nominal
nominal; interval; ordinal
ordinal; interval; ratio
Exercise 3.2 A three-man board, composed of A, B, and C, has held hearings on a
personnel case involving an officer of the company. This officer was scheduled for
promotion but, prior to final action on his promotion, he made a decision that cost the
company a good deal of money. The question is whether he should be (1) promoted
anyway, (2) denied the promotion, or (3) fired. The board has discussed the matter at
length and is unable to reach unanimous agreement. In the course of the discussion it
has become clear to all three of them that their separate opinions are as follows:
• A considers the officer to have been a victim of bad luck, not bad judgment, and
wants to go ahead and promote him but, failing that, would keep him rather than
fire him.
⚫ B considers the mistake serious enough to bar promotion altogether; he'd prefer
to keep the officer, denying promotion, but would rather fire than promote him.
⚫ C thinks the man ought to be fired but, in terms of personnel policy and…
answer the following questions please
Chapter 18 Solutions
Microeconomics (2nd Edition) (Pearson Series in Economics)
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