Essay
An airline claims that the median price of a round-trip ticket is less than $503.For a random sample of 400 tickets,the value of the Wilcoxon sign-ranks test is .
A)Specify the competing hypothesis in order to determine whether the median ticket price is less than $503.
B)Assume the normal approximation for the distribution of T,and calculate the value of the corresponding test statistic.
C)At the 10% significance level,what is the decision and conclusion?
Correct Answer:

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The competing hypotheses are
.
If T is ...View Answer
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Correct Answer:
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If T is ...
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