A Trading Magazine Wants to Determine the Number of Hours

question 94

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 p-value approach and α = 0.01,the appropriate conclusion is _____________________________________.

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

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Definitions:

Trust Perceptions

Individuals’ beliefs in the reliability, truth, ability, or strength of someone or something within an organizational context.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals effectively and efficiently.

POS

Perceived Organizational Support; the degree to which employees believe their organization values their contributions and cares about their well-being.

Behaviourally Anchored Rating Scale

A performance appraisal method that uses specific examples of behavior to evaluate employees' performance rather than subjective judgments.