Use the Following Information to Answer the Question $\mathrm{ml}=$

question 54

Multiple Choice

Use the following information to answer the question. Suppose the Nielson Organization conducted a survey to find out how
many minutes of reality-type television programming people watched in one week. Assume that all conditions for the
Mann-Whitney test have been met. Use the following test output to answer the question. Hypothesis test results:
$\mathrm{ml}=$ median for women
$\mathrm{m} 2=$ median for men
Parameter: m1-m2
$\begin{array}{|l|l|l|l|l|l|l|}\hline \text { Difference } & \mathrm{n} 1 & \mathrm{n} 2 & \text { Diff.Est } & \text { Test Stat } & \text { P-value } & \text { Method } \\\hline \mathrm{m} 1-\mathrm{m} 2 & 10 & 10 & 50 & 38.2 & 0.022 & \text { Norm. Approx. } \\\hline\end{array}$
-Using a significance level of 5%, state the correct decision regarding the null hypothesis and the concluding statement.

• A) Fail to reject \( \mathrm{H}_{0} \). There is evidence to suggest that there is a difference in the median amount of reality-type television that men and women watch.
• B) Fail to reject \( \mathrm{H}_{0} \). There is evidence to suggest that there is no difference in the median amount of reality-type television that men and women watch.
• C) Reject \( \mathrm{H}_{0} \). There is evidence to suggest that there is a difference in the median amount of reality-type television that men and women watch.
• D) Reject \( \mathrm{H}_{0} \). There is evidence to suggest that there is no difference in the median amount of reality-type television that men and women watch.

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Definitions:

Suboptimal Decision

A choice made that is not the best or most effective among the alternatives considered.

Transfer Pricing

The setting of prices for transactions between affiliated companies within the same multinational group, which can impact where profits are reported.

Market-Based

Pricing or decision-making strategies that are influenced primarily by market conditions and customer demand rather than internal cost considerations.

Marginal Cost

The cost of producing one additional unit of a product, which can include materials, labor, and other variable costs.