Two Independent Sets of Data Are Collected, the First with 15

question 40

Multiple Choice

Two independent sets of data are collected, the first with 15 subjects and the second with 26 subjects. Mr. X is a subject in the first data set and is associated with a value of 66.
In the first set, 3 values are ranked behind 66 and 11 values are ranked ahead of it (with
Mr) X being the other data value) . In the second set, 9 values are ranked behind 66 and
16 values are ranked ahead of it. What is Mr. X's rank in a Wilcoxon rank sum test?

• A) 28
• B) 27
• C) 12
• D) 11

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Definitions:

MRPS

Marginal Revenue Product of Labor, a measure of the additional revenue generated by hiring an additional worker, holding other factors constant.

Profit-maximizing Rule

A principle guiding businesses to set their output and prices at levels where marginal cost equals marginal revenue to maximize profit.

Cost-minimization Rule

A principle suggesting that firms seek to produce any given level of output at the lowest possible cost.

Wage Increase

An upward adjustment in wages or salaries, often to match inflation, improve living standards, or reward performance.