Refer to the MegaStat/Excel Output for the Wilcoxon Rank Sum

question 61

Multiple Choice

Refer to the MegaStat/Excel output for the Wilcoxon rank sum test given in the table below. At a significance level of .05, which one of the following statements is correct regarding the following null hypothesis?
H₀: D₁ and D₂ are identical probability distributions.

• A) We reject H₀ and conclude there is very strong evidence that the median value of the first sample significantly differs from the median value of the second sample.
• B) We reject H₀ and conclude there is very strong evidence that the median value of the first sample is significantly less than the median value of the second sample.
• C) We do not reject H₀ and conclude there is not sufficient evidence that the median value of the first sample is significantly less than the median value of the second sample.
• D) We do not reject H₀ and conclude there is insufficient evidence to conclude that the median value of the first sample is not significantly different from the median value of the second sample.
• E) We do not reject H₀ and conclude there is very strong evidence that the median value of the first sample is significantly greater than the median value of the second sample.

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Definitions:

Compounded Semi-Annually

The process of applying interest to a principal sum twice a year, resulting in interest earning interest over time.

Monthly Payments

Recurring payments made every month towards the repayment of loans or financial obligations, such as mortgages or personal loans.

Investing

Distributing monetary resources in the hope of creating financial gain or earnings.

Compounded Monthly

Pertains to the process where interest is calculated monthly and added to the initial principal amount of the investment or debt.