This Nonparametric Test Requires at Least Ordinal Level Data

question 86

Multiple Choice

This nonparametric test requires at least ordinal level data. t is used if the assumptions required for the paired t test cannot be met. Which test is it?

• A) Wilcoxon signed-rank test
• B) ANOVA
• C) Rank correlation
• D) Kruskal-Wallis

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Definitions:

Conversion Cost

The sum of direct labor and manufacturing overhead costs, representing the costs needed to convert raw materials into finished goods.

Direct Materials

These are the raw materials that are directly incorporated into a finished product.

Prime Cost

The combined direct costs of raw material and labor that are directly associated with the production of a product.

Discretionary Fixed Costs

Those fixed costs that arise from annual decisions by management to spend on certain fixed cost items, such as advertising and research.