The Wilcoxon Rank-Sum Test Is a Nonparametric Test That Uses

question 89

True/False

The Wilcoxon rank-sum test is a nonparametric test that uses two independent simple random samples to determine whether the relative frequency distributions of two statistical populations of continuous values are identical to or different from one another.

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Definitions:

Faulty Hindsight

The misjudgment of the reasons behind past decisions based on the outcome rather than on the information available at the time.

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business or personal decisions.

Escalated Commitment

A pattern of behavior in which an individual or group continues to rationalize their decisions, invest additional resources, and follow a failing course of action.

Risky Shift

The tendency for groups to make riskier decisions than the average risk initially advocated by their individual members.