Use the Wilcoxon Rank-Sum Approach to Test the Claim That

question 77

Essay

Use the Wilcoxon rank-sum approach to test the claim that the sample student grade averages at two colleges
come from populations with the same median. The sample data is listed below. Use a 0.05 level of significance,
and assume that the samples were randomly selected. $$\begin{array} { c c c c c c c c c c c c } \text { College A } & 3.2 & 4.0 & 2.4 & 2.6 & 2.0 & 1.8 & 1.3 & 0.0 & 0.5 & 1.4 & 2.9 \\\hline \text { College B } & 2.4 & 1.9 & 0.3 & 0.8 & 2.8 & 3.0 & 3.1 & 3.1 & 3.1 & 3.5 & 3.5\end{array}$$

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Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial condition and liquidity.

Payment Schedule

A plan that outlines the dates and amounts for payments due over a period.

CRA

Can refer to the Canada Revenue Agency, the agency responsible for the administration of tax laws for the Canadian government, or to the Community Reinvestment Act, a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities.

Bargain Purchase Option

A clause in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term for a price that is significantly lower than the expected market value.