Construct a Data Set with N = 14 Such That

question 43

Essay

Construct a data set with n = 14 such that the sign test would fail to reject the null hypothesis that the median is equal to 50 while the t-test conclusion is to reject the null hypothesis of µ = 50.

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Definitions:

Nominal Account

A temporary account that records transactions related to expenses, revenues, gains, and losses during an accounting period.

Zero Account

A banking or accounting term referring to an account that has a balance of zero, meaning it has no funds.

Depreciation Expense

An accounting method to allocate the cost of a tangible asset over its useful life.

Permanent Account

A ledger that remains open when an accounting cycle ends, with its balances being transferred to the following period.