A Researcher Computes a One-Sample Sign Test in Which the Number

question 27

Multiple Choice

A researcher computes a one-sample sign test in which the number of pluses is 8,the number of minuses is 2,and the number of scores equal to the median is 1.The test statistic (x) for the sign test is equal to ______.

• A) 1
• B) 2
• C) 8
• D) there is not enough information to answer this question

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Definitions:

Fixed Resource

A resource whose quantity cannot easily be changed in the short term, such as land, buildings, or equipment.

Accounting Profit

The difference between total revenue and total explicit costs, not accounting for implicit costs, according to traditional accounting methods.

Entrepreneur's Potential Earnings

Entrepreneur's potential earnings are the anticipated income an entrepreneur expects to generate from their business ventures, considering the risks and opportunities involved.

Annual Lease

is a contract specifying the terms under which one party agrees to rent property from another party for a period of one year.