A Trading Magazine Wants to Determine the Number of Hours

question 98

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 number of hours 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.Using the critical value approach and α = 0.01,the appropriate conclusion is _________________________________________________________________________________.

• A) to reject the null hypothesis;we cannot conclude the median number of hours worked per week differs from 100
• B) do not reject the null hypothesis;conclude the median number of hours worked per week differs from 100
• C) do not reject the null hypothesis;we cannot conclude the median number of hours worked per week differs from 100
• D) reject the null hypothesis;conclude the median number of hours worked per week differs from 100

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Definitions:

Rational Relationship Test

A legal principle used to determine the constitutionality of a statute, requiring that the law be reasonably related to a legitimate government interest.

Strict Scrutiny Test

A judicial review standard applied to certain laws that potentially infringe upon constitutionally protected rights, requiring the law to be necessary to achieve a compelling governmental interest.

Intermediate Standard Test

A method used in legal contexts to determine the constitutionality of certain laws, requiring that the law serves an important government objective and is substantially related to achieving that objective.

Unconstitutional Legislation

Laws or statutes that are found to violate principles outlined in the constitution.