Two Aptitude Tests Are Currently Being Used to Screen Applicants

question 5

Short Answer

Two aptitude tests are currently being used to screen applicants for a certain position within a company. The question arose as to whether the two tests are comparable, i.e., whether they yield the same results. Six applicants were selected at random to take both tests (in a random order). The following scores were recorded: Use the Wilcoxon signed-rank test to determine whether there is a difference in scores between the two tests. Use = 0.10.
What is the test statistic?
______________
What is the critical value for the test statistic?
______________
Conclude:
______________
We ______________ conclude there is a difference in the frequency distributions of scores for the two aptitude tests.

---

Definitions:

Total Profit

The total income a business generates after all expenses and costs have been subtracted from total revenue.

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuer's equity shares at certain times during the bond's life, usually at the discretion of the bondholder.

Conversion Price

The predetermined price at which convertible security can be converted into common stock.

Conversion Value

The value of a convertible security if it is converted into a specified number of shares of common stock.