In the Late Summer of 2005 Some Regions of the Country

question 138

Multiple Choice

In the late summer of 2005 some regions of the country were suffering from drought.What effect would we expect this to have on the stock of companies such as John Deere that manufacture farm equipment?

• A)raise the demand for existing shares of the stock,causing the price to rise
• B)decrease the demand for existing shares of the stock,causing the price to fall
• C)raise the supply of the existing shares of stock,causing the price to rise
• D)raise the supply of the existing shares of stock,causing the price to fall

---

Definitions:

Rank Sum Statistic

A statistical measure used in non-parametric tests to evaluate the significance of the difference between two independent samples based on ranks of the data.

Sample Size

The number of subjects or observations included in a study or experiment, which can affect the validity and reliability of statistical analyses.

Normal Approximation

A statistical method that applies the normal distribution to approximate the distribution of various sample statistics under certain conditions.

Two-Sided P-Value

The probability of observing an effect at least as extreme as the test statistic, considering both tails of the distribution in a two-sided test.