Exhibit 20

question 33

Multiple Choice

Exhibit 20.6.A fund manager wants to know if the annual rate of return is greater for growth stocks (1) than value stocks (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. Refer to Exhibit 20.6.At the 1% significance level,the critical value is:

• A)1.645
• B)1.96
• C)2.33
• D)2.575

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Definitions:

The Jazz Singer

The first feature-length motion picture with synchronized dialogue sequences, marking a pivotal moment in the transition from silent to sound films.

Exclusive Contracts

Agreements that restrict parties from engaging in similar agreements with others, often found in employment or distribution deals in various industries.

Economy of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit falls as production scales up.

Sound-on-film

A technology that synchronizes audio with moving pictures, allowing for sound to be recorded onto the same film strip as the image.