A Fund Manager Wants to Know If the Annual Rate

question 103

Multiple Choice

A fund manager wants to know if the annual rate of return is greater for growth stocks (sample 1) than for value stocks (sample 2) . The fund manager collects data on the returns of growth and value funds. Below are the sample sizes and rank sums for the Wilcoxon rank-sum test. The value of the test statistic W is ________.

• A) 215
• B) 9,870
• C) 13,350
• D) 23,200

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Definitions:

Post-Closing Trial Balance

The final step in the accounting cycle that lists only permanent accounts in the ledger and their balances after adjusting and closing entries have been posted.

Income Statement

A financial report detailing a company's revenues, expenses, and profits or losses over a specific period, demonstrating financial performance.

General Journal

A primary accounting record where financial transactions are entered in chronological order, before posting to accounts in the general ledger.

Sales Discounts

A reduction from the listed price of goods or services that is offered by a seller to a buyer, typically to encourage prompt payment.