Refer to the MegaStat/Excel Output for the Wilcoxon Signed Ranks

question 32

Multiple Choice

Refer to the MegaStat/Excel output for the Wilcoxon signed ranks test given in the table below. At a significance level of .01,which one of the following rejection point conditions is correct regarding the null hypothesis,H₀: D₁ and D₂ are identical probability distributions,and the alternative hypothesis of H_a: D₁ is shifted to the left of D₂.

• A) We reject H₀ and conclude there is not sufficient evidence that the probability distribution of population 1 is shifted to the left of the probability distribution of population 2.
• B) We cannot reject H₀ and conclude there is not sufficient evidence that the probability distribution of population 1 is shifted to the left of the probability distribution of population 2.
• C) We reject H₀ and conclude there is very strong evidence that the probability distribution of population 1 is shifted to the left of the probability distribution of population 2.
• D) We do not reject H₀ and conclude there is very strong evidence that the probability distribution of population 1 is shifted to the left or to the right of the probability distribution of population 2.
• E) We do not reject H₀ and conclude there is very strong evidence that the probability distribution of population 1 is identical to the probability distribution of population 2.

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Definitions:

Money Supply

The aggregate financial resources available for transactions in an economy at a specific point, counting in cash forms like coins, notes, and the values in checking and savings bank accounts.

Nominal GDP

The market value of all finished goods and services produced within a country's borders in a specific time period, measured in current prices without adjusting for inflation.

M1 Velocity of Money

The rate at which money circulates in the economy, measured as the ratio of nominal GDP to the money supply (M1), indicating how often a unit of currency is used to purchase domestically-produced goods and services within a given time period.

Financial Innovation

The creation or improvement of financial products, services, technologies, or processes that provide new ways to invest, borrow, lend, and save.