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:

Media Ownership

Pertains to control or ownership of media companies by individuals or corporations which influences content and perspectives.

Democratic Debate

An exchange of views on policies and ideas, typically taking place within the Democratic Party or among its members.

National Agenda

A set of priority issues, policies, and goals that a government or political party aims to address and implement during its term in office.

Frame the News

The process by which news media present and structure information to shape public perception or create a specific narrative.