You are to do an analysis following the template based on the data that is given. The experiment itself tests optimism bias. The data was collected via a survey. I will also give background information. Calculations will have to be made, and photos of them have to be taken. Use this calculator if you need one https://www.socscistatistics.com/tests/ . The basic calculations for the mean are already on the spreadsheet. The data is ordinal. The measure for central tendency is mean. The measure of dispersion is range. You have to calculate the Wilcoxon Signed-Ranks test. This test evaluates the differences between two conditions that correlate with each other, in this case, positive and negative life scenarios. Also make sure to explain it. REMEMBER TO TAKE PICTURES, PLEASE. The word count should be 300 but I did raise it here so that you have more room to type.
BACKGROUND INFO:
The experiment is about our tendency to overestimate the chance of good events and underestimate the likelihood of bad ones is known as optimism bias. Weinstein, N.D.’s research was the first to find this (1980). If the event is good, people’s first thoughts about the future will be more hopeful than others around them, whereas the opposite will be true if the event is bad.
This study hopes to determine whether people tend to overestimate their ability to predict positive outcomes. Knowing this will help individuals recognize their own false optimism biases. Individuals who suffer from these types of optimistic biases may be more likely to underestimate the chance of experiencing unpleasant outcomes. Since you aren’t worried about potential threats, you end up making bad choices.
The person who is asked this question is hypothesized to attribute higher probabilities to negative occurrences than favorable ones.
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