Essay
A real estate broker claims that the median days that one of his listings stays on the market is 45 or less days. To test this, he has collected the following random sample of properties sold showing the days they were on the market prior to selling: 
The broker is unwilling to assume that the population data are normally distributed. a. What is the correct null and alternative hypothesis to be tested? b. What statistical test would you recommend be used to test this hypothesis? c. Conduct the test and indicate what conclusion should be reached if we test at an alpha = .05 level?
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Under what circumstances should the standard normal
Q22: If a decision maker wishes to test
Q23: In a large sample Mann-Whitney U test
Q24: Consider the situation in which a study
Q25: The Mann-Whitney U test can be used
Q27: In conducting the Wilcoxon Matched-Pairs Signed Rank
Q28: In the Wilcoxon signed rank test for
Q29: A survey was recently conducted in which
Q30: The Mann-Whitney U test is always a
Q31: One of the assumptions of the Mann-Whitney