An Accountant Wants to Know If the Property Taxes Paid

question 91

Multiple Choice

An accountant wants to know if the property taxes paid by clients who live in the city are different from those who live in the county. The property taxes paid by five clients from the city (sample 1) and five clients from the county (sample 2) are shown below. To determine whether the medians of the taxes paid differ using the Wilcoxon rank-sum test, the competing hypotheses are ________.

• A) H₀: m₁ - m₂ ≥ 0; H_A: m₁ - m₂ < 0
• B) H₀: m₁ - m₂ ≤ 0; H_A: m₁ - m₂ > 0
• C) H₀: m₁ - m₂ ≠ 0; H_A: m₁ - m₂ = 0
• D) H₀: m₁ - m₂ = 0; H_A: m₁ - m₂ ≠ 0

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Definitions:

Demand Instrument

A financial document that requires payment to the holder on demand or at a pre-defined time.

Secondary Party

An individual or entity indirectly involved in a legal agreement or crime, not the principal actor or participant.

Unconditional Promise

A commitment that does not depend on any conditions to be fulfilled; it is absolute and unequivocal.

Negotiable

Capable of being discussed, transferred, or modified in terms of conditions or agreement.