Use a Kruskal-Wallis Test to Test the Claim That the Samples

question 119

Essay

Use a Kruskal-Wallis test to test the claim that the samples come from populations with equal
medians. The table below shows the weights (in pounds)of 6 randomly selected women in
each of three different age groups. Use a 0.01 significance level to test the claim that the 3
age-groups have the same median weight. $$\begin{array} { r | r | r } 18 - 34 & \text { 35-55 } & 56 \text { and older } \\\hline 119 & 123 & 140 \\134 & 147 & 128 \\114 & 135 & 59 \\125 & 110 & 134 \\153 & 154 & 120 \\138 & 163 & 116\end{array}$$

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Definitions:

Financial Assets

Assets that derive value from contractual claims, such as stocks, bonds, bank deposits, and other investments.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Money Supply

The total amount of money available in an economy at a specific time, including cash, coins, and balances held in bank accounts.

Interest-Bearing Assets

Investments or savings that earn interest over time, such as bonds, savings accounts, or loans.