Does Income Increase When You Get Married? to Investigate This,a

question 31

Multiple Choice

Does income increase when you get married? To investigate this,a college student has randomly selected people from his college town and collected income data for these people.They were categorized according to their marital status.The following results (in thousands of dollars) were obtained. The data are to be analyzed using the Wilcoxon rank sum test.Let W be the Wilcoxon rank sum test statistic equal to the sum of the ranks assigned to the married group.Using the Normal approximation with the continuity correction,what is the P-value for this test?

• A)0.072
• B)0.087
• C)0.105
• D)0.175

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Definitions:

Operating Cycle

The duration of time from the purchase of inventory to the collection of receivables from the sale of that inventory, critical for managing cash flow.

Accounts Payable Period

The average number of days it takes a company to pay off its suppliers and creditors.

Operating Cycle

The time period between the acquisition of inventory by a company and the receipt of cash from the sale of that inventory.