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:

Seasonal Merchandise

Products that are popular, selling, or in demand during specific seasons or periods of the year.

Compromise Short-Term

A strategy or decision aimed at resolving or addressing a current issue or challenge with a solution that may not fully extend to or resolve long-term concerns.

Marketable Securities

Financial instruments that can be quickly converted into cash at fair market value.

Financial Policy

A set of guidelines or principles set by a company that govern its decisions regarding financial management, investments, and financing strategies.