When the Data Are Interval,how Does the Wilcoxon Signed Rank

question 16

Multiple Choice

When the data are interval,how does the Wilcoxon signed rank sum test compare to the sign test?

• A)Wilcoxon uses the information in the data more effectively.
• B)Wilcoxon uses the information in the data less effectively.
• C)Cannot compare the two tests without knowing the sample size.
• D)None of these choices.

Ability to use financial tables or financial calculators to find present value (PV), future value (FV), present value of an annuity (PVA), and future value of an annuity (FVA).

Understand the impact of changing interest rates and time periods on future and present value calculations.

Apply understanding of future value and present value concepts to make informed financial decisions regarding loans, savings, and investments.

Understand the concept of compounding interest semiannually, quarterly, and in other non-annual periods.

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Definitions:

Price Index

A number that shows the average price of products; changes in a price index over time show changes in the economy’s average price level.

Price Level

A measurement of the average of current prices across the entire spectrum of goods and services produced in the economy.

Aggregate Demand

The relationship between the economy’s price level and aggregate output demanded, with other things constant.

Equilibrium Output

The level of output at which the quantity of goods produced equals the quantity of goods demanded.