A Real Estate Agent Wants to Know How the Home

question 81

Essay

A real estate agent wants to know how the home size (in square feet) of parents compares to the home size of their children. For a sample of seven parents and their children, the value of the test statistic for the Wilcoxon signed-rank test for a matched pairs sample is T = T⁺ = 27. The differences are calculated as the parent's home size subtracted by the child's home size.
A) Specify the competing hypothesis to determine if the median difference in home size between parents and children is greater than zero.
B) At the 5% significance level, what is the critical value?
C) At the 5% significance level, what is the decision and conclusion?

• A) Specify the competing hypothesis to determine if the median difference in home size between parents and children is greater than zero.
• B) At the 5% significance level, what is the critical value?
• C) At the 5% significance level, what is the decision and conclusion?

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Definitions:

Materialist Philosophy

Materialist philosophy asserts that material conditions determine human consciousness and social structures, prioritizing the physical and tangible aspects of existence over ideas or spiritual conjectures.

Consciousness

The state or quality of awareness, or being aware of an external object or something within oneself, often considered a complex mental state.

Morality

Principles or rules concerning the distinction between right and wrong or good and bad behavior.

Social Facts

Aspects of social life that exist outside and independently of individual consciousness and exert influence on individual behavior, as conceptualized by Émile Durkheim.