Which of the Following Best Explains How to Find the Test

question 7

Multiple Choice

Which of the following best explains how to find the test statistic for the one-sample sign test?

• A) Scores above the median are assigned a plus sign (+); scores below the median are assigned a negative sign (-); the test statistic is the number of pluses or minuses, whichever occurs most often.
• B) Scores are correlated as either positive (+) or negative (-); the test statistic is the extent to which scores are positively or negatively correlated.
• C) Scores are coded as being consistent (+) or inconsistent (-) with the null hypothesis; the test statistic is the number of pluses or minuses, whichever occurs most often.
• D) The variability of scores is compared with the variance stated by the null hypothesis; larger variability is considered a sign that the data are significant.

---

Definitions:

Game Theory

The study of how people behave in strategic situations in which individuals must take into account not only their own possible actions but also the possible reactions of others. Originally developed to analyze the best ways to play games like poker and chess.

Economies Of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically associated with efficiencies in production as output increases.

Collusion

An agreement between firms in a market to limit competition and manipulate prices or market conditions.

Game Theory

A theoretical framework for conceiving social situations among competing players and predicting their choices of action through mathematical models.