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Instruction 19-3
A perfume manufacturer is trying to choose between two magazine advertising layouts. An expensive layout would include a small package of the perfume. A cheaper layout would include a 'scratch-and-sniff' sample of the product. The manufacturer would use the more expensive layout only if there is evidence that it would lead to a higher approval rate. The manufacturer presents both layouts to five groups and determines the approval rating from each group on both layouts. The data are given below. Use this to test whether the median difference in approval rating is different from zero in favour of the more expensive layout with a level of significance of 0.05.
-Referring to Instruction 19-3,what is the value of the test statistic?
Exception
An event, typically an error or unexpected condition, that disrupts the normal flow of a program's execution, requiring special processing.
On-demand
Services or products that are made available to users as needed, often instantly or at their convenience, through the use of technology.
Supply Chain Management
The management of the flow of goods and services, involving the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.
Financial Management
The planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization or individual.
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