A Trading Magazine Wants to Determine the Number of Hours

question 45

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. The p-value for the test is ________.

• A) 0.0016
• B) 0.0032
• C) 0.9984
• D) 0

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Definitions:

Interstate Commerce

Trade, traffic, or transportation involving the movement of goods, services, or people across state lines, regulated by the federal government.

United States Patent

A government-issued right granting an inventor exclusive use of their invention for a certain period, preventing others from making, selling, or using the invention without permission.

Trademark Office

The governmental authority responsible for the registration, protection, and enforcement of trademarks, ensuring that trademarks are unique and used appropriately.

Temporary

Describes a condition or period that is not permanent and is intended to last only for a limited time.