An investor not wanting to miss out on possible investment opportunities considers investing $20,000 in the stock market. He believes that the probability is 0.30 that the market will improve, 0.37 that it will stay the same, and 0.33 that it will deteriorate. Further, if the economy improves, he expects his investment to grow to $28,000, but it can also go down to $17,000 if the economy deteriorates. If the economy stays the same, his investment will stay at $20,000.a. what is the expected value of his investmentb. What should the investor do if he is risk neutral...take it or not take itc. s the decision clear-cut if he is risk averse

Part of your task as a scholar-practitioner is to act as a critical consumer of research and ask informed questions of published material. Sometimes, claims are made that do not match the results of the analysis. Unfortunately, this is why statistics is sometimes unfairly associated with telling lies. These misalignments might not be solely attributable to statistical nonsense, but also “user error.” One of the greatest areas of user error is within the practice of hypothesis testing and interpreting statistical significance. As you continue to consume research, be sure and read everything with a critical eye and call out statements that do not match the results. For this Assignment, you will examine statistical significance and meaningfulness based on sample statements. Critically evaluate each of the two scenarios (See scenarios below) selected based upon the following points: Critically evaluate the sample size. Critically evaluate the statements for meaningfulness. Critically evaluate the statements for statistical significance. Based on your evaluation, provide an explanation of the implications for social change. Scenario #1 Statistical significance is found in a study, but the effect in reality is very small (i.e., there was a very minor difference in attitude between men and women). Were the results meaningful? An independent samples t test was conducted to determine whether differences exist between men and women on cultural competency scores. The samples consisted of 663 women and 650 men taken from a convenience sample of public, private, and non-profit organizations. Each participant was administered an instrument that measured his or her current levels of cultural competency. The cultural competency score ranges from 0 to 10, with higher scores indicating higher levels of cultural competency. The descriptive statistics indicate women have higher levels of cultural competency (M = 9.2, SD = 3.2) than men (M = 8.9, SD = 2.1). The results were significant t (1311) = 2.0, p <.05, indicating that women are more culturally competent than are men. These results tell us that gender-specific interventions targeted toward men may assist in bolstering cultural competency. Scenario #2 A study has results that seem fine, but there is no clear association to social change. What is missing? A correlation test was conducted to determine whether a relationship exists between level of income and job satisfaction. The sample consisted of 432 employees equally represented across public, private, and non-profit sectors. The results of the test demonstrate a strong positive correlation between the two variables, r =.87, p < .01, showing that as level of income increases, job satisfaction increases as well. Use 4 or more references with proper APA format and citations and referencing. Include the reference below. Frankfort-Nachmias, C., & Leon-Guerrero, A. (2018). Social statistics for a diverse society (8th ed.). Thousand Oaks, CA: Sage Publications