Perform the Indicated Sign Test $$\alpha = 0.05$$

question 15

Essay

Perform the indicated sign test. Be sure to do the following: Identify the claim mathematically and state the null and
alternative hypotheses. Determine the critical value and find the test statistic. Decide whether to reject or fail to reject
the null hypothesis and interpret the decision in the context of the original claim.
-A company claims that the median monthly earnings of its farm workers is greater than $919. To test the claim,
100 workers are randomly selected and asked to provide their monthly earnings. The data is shown below. Test
the companyʹs claim. Use $$\alpha = 0.05$$ $$\begin{array} { l | r } \text { Weekly Earnings } & \text { Number of Workers } \\\hline \text { Less than } \$ 919 & 44 \\\$ 919 & 5 \\\text { More than } \$ 919 & 51\end{array}$$

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Definitions:

Need Awareness

The recognition by consumers that they have a specific unmet need.

Consumer

An individual who purchases goods and services for personal use.

Benefit Selling

A sales technique focused on communicating the advantages and positive outcomes a customer will gain from purchasing a product or service.

FAB Selling

A sales strategy that highlights Features, Advantages, and Benefits of a product or service to persuade potential buyers.