An Airline Claims That the Median Price of a Round-Trip

question 35

Essay

An airline claims that the median price of a round-trip ticket is less than $503.For a random sample of 400 tickets,the value of the Wilcoxon sign-ranks test is .
A)Specify the competing hypothesis in order to determine whether the median ticket price is less than $503.
B)Assume the normal approximation for the distribution of T,and calculate the value of the corresponding test statistic.
C)At the 10% significance level,what is the decision and conclusion?

• A)Specify the competing hypothesis in order to determine whether the median ticket price is less than $503.
• B)Assume the normal approximation for the distribution of T,and calculate the value of the corresponding test statistic.
• C)At the 10% significance level,what is the decision and conclusion?

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