Using the Following Data, the Wilcoxon Signed-Rank Hypothesis Test Is

question 72

Multiple Choice

Using the following data, the Wilcoxon Signed-Rank hypothesis test is used to test the hypothesis that the test results of a treatment after training are greater than the test results before the treatment. The Wilcoxon critical value is 3 for n=7 with a 0.05 significance level. What decision should be made regarding the null hypothesis?

• A) Reject the null hypothesis and conclude that the "after" is greater than "before"
• B) Reject the null hypothesis and conclude that the "before" is greater than "after"
• C) Fail to reject the null hypothesis
• D) Reject the null hypothesis and conclude that there is no difference between the "before" and "after"

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Definitions:

Equivalent Units of Production

A concept in cost accounting used to allocate costs to partially completed goods, expressed in terms of fully completed units.

First-In, First-Out Method

An inventory valuation method where the oldest inventory items are recorded as sold first, with the cost of these oldest items used for accounting purposes.

Weighted-Average Method

An inventory costing method that averages the cost of goods available for sale and assigns the average cost to ending inventory and cost of goods sold.

Step-Down Method

An indirect method of cost allocation that allocates costs of service departments to producing departments in a sequential manner.