A Private University Is Trying to Determine If There Is

question 38

Multiple Choice

A private university is trying to determine if there is pay equity among the male and female faculty.A simple random sample of six faculty members was selected from each gender group and the salary was recorded.The data (in thousands) are shown below. Based on the Wilcoxon rank sum test,is there evidence that the male faculty make more money than the female faculty?

• A)Yes,because the sum of the ranks is higher than the mean of the male faculty
• B)No,because the sum of the ranks is lower than the mean of the male faculty
• C)Yes,because the sum of the ranks is lower than the mean of the male faculty
• D)None of the reasons given are appropriate.

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Definitions:

Right Of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.

Anticipatory Repudiation

A declaration by one party to a contract of their intention not to fulfill their future obligations as agreed.

Dissolution

The first stage in the termination of a partnership.

Liquidation

The process in which a debtor turns over all assets to a trustee.