A Trading Magazine Wants to Determine the Number of Hours

question 79

Multiple Choice

A trading magazine wants to determine the number of hours stockbrokers work each week. In particular, the trading magazine wants to determine if the median number of hours worked per week differs from 100 hours. The magazine samples 18 traders. For the Wilcoxon signed-rank test, the value of the test statistic is T = T⁺ = 153. At the 1% significance level, the critical value is ________.

• A) 1.645
• B) 1.96
• C) 2.33
• D) 2.575

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Definitions:

Traditional Principles

Basic tenets or rules that have been established over time, guiding actions and beliefs in various contexts.

Promotional Programs

Marketing strategies designed to inform, persuade, or remind target audiences about a product or service to increase awareness or sales.

Delegate Authority

The process of assigning decision-making power and responsibilities from a higher-ranking official to a subordinate or group.

Intern Responsibility

Refers to the duties and tasks assigned to an intern within an organization, aimed at providing them with practical experience in their field of study.