Use the Table Below to Answer the Following Questions

question 92

Multiple Choice

Use the table below to answer the following questions.
Table 16.2.2
Chemical Fertilizer Market

-Refer to Table 16.2.2. If the fertilizer market is perfectly competitive and unregulated, output (in tonnes) is

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

Understand the assumptions behind different nonparametric tests, including the sign test and Wilcoxon Signed-Rank test.

Identify the role of the sign test and its comparison to the Wilcoxon Signed-Rank test.

Apply appropriate statistical tests for matched pairs data and draw conclusions from the test outcomes.

Understand the application and interpretation of the z-test in comparing two sample means.