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Twelve runners are asked to run a 10-kilometer race on each of two consecutive weeks.In one of the races,the runners wear one brand of shoe and in the other,a different brand.The brand of shoe they wear in each race is determined at random.All runners are timed and are asked to run their best in each race.The results (in minutes) are given below. Use the sign test for matched pairs to determine if there is evidence that times using Brand 1 tend to be faster than times using Brand 2.What are the hypotheses we wish to test?
Nonprofit Credit Counselor
An advisor typically affiliated with a nonprofit organization who provides guidance on managing debt, budgeting, and improving personal financial health.
Chapter 13
A form of bankruptcy that allows individuals earning a regular income to develop a plan to repay all or part of their debts over time, usually three to five years.
Unsecured Debts
Obligations for which the borrower does not provide collateral, making them riskier for lenders.
Involuntary Bankruptcy
A legal procedure where creditors petition a court to declare a debtor bankrupt, without the debtor’s consent, in order to recoup some of the owed money.
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