A Trading Magazine Wants to Determine the Number of Hours

question 17

Multiple Choice

A trading magazine wants to determine the number of hours stockbrokers work each week.In particular,the trading magazine wants to determine if the median numbers worked per week differs from 100 hours.The magazine samples 18 traders.For the Wilcoxon signed-rank test,the value of the test statistic is T = T⁺ = 153.Inasmuch as the sample size is more than 10,T can be assumed normally distributed with mean and standard deviation ___________,respectively.

• A) 85.50,527.25
• B) 22.96,527.25
• C) 22.96,85.50
• D) 85.50,22.96

Recognize common reasoning errors and understand how they can undermine an argument's validity.

Distinguish between fallacious and non-fallacious arguments.

Appreciate the importance of precise language and a wide range of evaluative terms in argumentation.

Grasp the role of underlying assumptions in the strength and validity of arguments.

---

Definitions:

Apologize

The act of expressing regret or sorrow for actions that may have caused harm or inconvenience to others.

THINK Technique

A mindfulness strategy often used to encourage thoughtful responses rather than reactive ones, asking if a statement is True, Helpful, Inspiring, Necessary, and Kind before speaking or acting.

Necessary

A requirement or need for a particular purpose or reason.

THINK Technique

A strategy or process designed to help individuals make thoughtful and informed decisions or reactions, emphasizing thoughtful consideration before acting.