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Preliminary data analyses indicates that use of a paired Wilcoxon signed-rank test is reasonable. Perform the hypothesistest by using a paired Wilcoxon signed-rank test. Assume that the null hypothesis is
-Eleven runners are timed in the 100-meter dash and are timed again one month later after following a new training program. The times (in seconds)are shown in the following table. At the 10% significance level, do the data provide sufficient evidence to conclude that the training is effective in reducing times in the 100-meter dash?
Perfectly Competitive
A perfectly competitive market is one where there are many sellers and buyers, homogeneous products, and no barriers to entry or exit, resulting in market prices determined by supply and demand.
Generic Pharmaceuticals
Medications marketed without brand names and often sold at lower prices than their branded counterparts, but contain the same active ingredients.
Smart Phones
Advanced mobile phones with extensive computing abilities, including internet access, app functionality, and touchscreen interface.
Perfectly Competitive
Describes a market structure where all firms sell identical products, there are many buyers and sellers, and no single entity can influence the market price.
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