When Testing Whether Two Paired Populations Have Equal Medians and the Sample

question 34

True/False

When testing whether two paired populations have equal medians and the sample sizes are large, it is appropriate to convert the Wilcoxon Matched-Pairs Signed Rank test to a paired sample t-test.

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Definitions:

Substitution Effect

The change in the quantity demanded of a good resulting from a change in its price, making it more or less expensive relative to other goods.

Output Effect

The change in total output resulting from a change in the quantity of an input, other factors being held constant.

Substitute Resource

An alternative resource that can be used in place of another to produce similar goods or services.

Marginal Product Curve

A graph that displays the change in output that results from employing an additional unit of a particular input, holding all other inputs constant.