When Performing a Wilcoxon Rank-Sum Test on the Two Independent

question 47

Multiple Choice

When performing a Wilcoxon rank-sum test on the two independent samples shown here at α = 0.01, what is the alternative hypothesis? ​ .

• A) The samples have statistically different means.
• B) The samples have the same median.
• C) The samples have statistically different medians.
• D) The samples have the same mean.

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Definitions:

Optimal Consumption Bundle

The combination of goods and services that maximizes a consumer's utility for a given income and prices, based on their preferences.

Budget Line

A visual representation showcasing every possible pair of two products that can be bought within a specific budget.

Indifference Curves

Indifference curves represent combinations of goods or services that provide the same level of satisfaction to the consumer, illustrating consumer preferences and consumption choices.

Utility Levels

Refers to the subjective satisfaction or happiness that a consumer derives from consuming goods and services.