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kmchippps
kmchippps
02.09.2021 • 
Mathematics

Researchers wish to determine if there is a difference between the median home selling price and list price. A random sample of 50 homes is chosen (their selling and list prices are recorded) and the Wilcoxon Signed-Rank Test is performed. Statdisk returns the following info: Num Unequal pairs: 49
Using approximation
Test Statistic, T: 0.0000
Mean, u: 612.5
St. Dev: 100.5298
Test Statistic, z: -6.0927
Critical z: +-1.959962
Reject the Null Hypothesis
Based upon this output, what can be concluded about the median home selling and list prices?
a. There is sufficient evidence to conclude that there is a difference in the median home selling and list prices.
b. There is insufficient evidence to conclude that there is a difference in the median home selling and list prices.
c. The results are statistically insignificant
d. Both (b) and (c)

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