1. Contrived and noncontrived a. The example of field studies is when bank manager wants to analyze the relationship between interest rates and bank deposit patterns of clients. She tries to correlate the two by looking at deposits into different kinds of accounts as interest rates change. b. The example of field experiment is the bank manager selects 4 branches within a 60-mile radius for the experiment. For one week only, she advertises the annual rate for new certificate of deposit received during that week in the following manner: the interest rate will be 9% in one branch, 8% in another, and 10% in the third. In the fourth branch, the interest rate remains unchanged at 5%. Within the week, she will be able to determine the effects of interest rates on deposit mobilization. c. The example of lab experiment is the bank manager recruits 40 students who are all business major in their final year of study. She splits them into four groups and gives each one of them chips that count for $1000, which they are told they might utilize to buy their needs, or save for the future, or both. She offers
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- Summer '17
- Causality, Touring car racing, Longitudinal study, bank manager