Bryanwood Company Reports the Following Data: Based on the Above

question 94

Multiple Choice

Bryanwood Company reports the following data: Based on the above information,what can be said about the company's business strategy?

• A)The company has lost control of operating expenses.
• B)The company has reduced cost of goods sold.
• C)The company has successfully undertaken some cost-cutting measures for operating expenses.
• D)The company has fewer sales in 2015 than 2014.

---

Definitions:

Wilcoxon Signed Rank Test

The Wilcoxon signed rank test is a nonparametric statistical test used to compare the median of two related samples to determine if there are significant differences between them.

P-Value

The probability of observing a test statistic as extreme as, or more extreme than, the observed value under the assumption that the null hypothesis is true.

Kruskal-Wallis Test

A nonparametric statistical test that assesses whether there are statistically significant differences between two or more groups of an independent variable on a continuous or ordinal dependent variable.

Kruskal-Wallis H Test

A nonparametric statistical test designed to assess whether there's a significant difference between two or more groups related to an independent variable, with respect to a continuous or ordinal dependent variable.