Perform a Wilcoxon Rank-Sum Test on the Two Independent Samples

question 32

Multiple Choice

Perform a Wilcoxon rank-sum test on the two independent samples shown here to see if it supports a conclusion that median 1 is larger than median 2.Select the correct critical value (CV) , test statistic (TS) , and decision.(Use α = 0.01.) ​ .

• A) CV = 54, TS = 39, reject H₀
• B) CV = 24, TS = 22, fail to reject H₀
• C) CV = 54, TS = 39, fail to reject H₀
• D) CV = 24, TS = 29, reject H₀

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Definitions:

Demand For Loanable Funds

The desire to borrow money, driven by (among other factors) investments and the consumer desire for purchasing goods or services on credit.

Open-Economy Macroeconomic Model

A theoretical framework that analyzes the economy of a country in the context of its interactions with other countries, including trade, investment, and financial flows.

Supply Of Loanable Funds

The total amount of funds available for borrowing in the financial markets, determined by savings and the monetary policy.

Open-Economy Macroeconomic Model

A framework for analyzing economies that engage in international trade, considering the impact of exchanges between domestic and foreign markets.