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An Airline Claims That the Median Price of a Round-Trip

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An airline claims that the median price of a round-trip ticket is less than $503. For a random sample of 400 tickets, the value of the Wilcoxon sign-ranks test is T = T+ = 37,230.
A) Specify the competing hypothesis to determine whether the median ticket price is less than $503.
B) Assume the normal approximation for the distribution of T, and calculate the value of the corresponding test statistic.
C) At the 10% significance level, what is the decision and conclusion?


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Visual Consciousness

The awareness of visual perceptions, including the ability to recognize, categorize, and react to visual stimuli in one's environment.

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A physical quantity that expresses hot and cold, measured with a thermometer and scientifically defined through thermodynamic principles.

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A specific segment of the electromagnetic spectrum that can be seen by the human eye.

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