We Have the Following Sample Data

question 85

Multiple Choice

We have the following sample data: .980, 1.01, .970, .990, 1.00, 1.00, .980, .970, .980, and .999. Run a sign test on H₀: M_d = 1.00 with a 2-sided alternative at α = .05. What do you conclude?

• A) Reject the null hypothesis; p value = .0352.
• B) Do not reject the null hypothesis; p value = .004.
• C) Reject the null hypothesis; p value = .004.
• D) Do not reject the null hypothesis; p value = .0352.

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Definitions:

Demonstration

A show or display of how a product or service works or is used, often part of a sales process to prove the benefits to potential customers.

Curiosity

A strong desire to learn or know something, driving exploration and investigation.

Product

An item or service offered for sale that satisfies a need or want of consumers.

Opinion

A personal belief, judgment, or viewpoint that may not be supported by evidence or factual information.