Use the Wilcoxon Rank Sum Test on the Data Below

question 138

Essay

Use the Wilcoxon rank sum test on the data below to determine at the 5% significance level whether the location of population A is to the left of the location of population B.

Recognize the influence of globalization on international political, economic systems, and social structures.

Critically evaluate the relationship between globalization and economic policies, specifically neoliberalism.

Describe the structure, function, and impact of transnational corporations in the global economy.

Assess the interplay between social cohesion and economic development.

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Definitions:

Inferior Good

A type of good for which demand decreases when consumer income rises, unlike normal goods, for which the opposite is observed.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Supply Curve

A graphical representation showing the relationship between the quantity of goods that producers are willing to sell and the price of those goods.

Equilibrium Price

The price at which the quantity of a product demanded equals the quantity supplied.