When determining the payoffs for a decision table with order quantity as the alternative and demand as the state of nature, the quantity sold will always be the maximum of the order quantity and demand.
Indicate whether the statement is true or false
Question 2
American Greetings would like to test the hypothesis that the median amount of money spent per person on Mother's Day increased this year when compared to last year.
The following data represents the amount of money that the same eight individuals spent on Mother's Day during the past two holidays. Person 1 2 3 4 5 6 7 8Last Year 140 113 86 147 140 162 183 142This Year 133 110 156 170 160 166 150 154The appropriate nonparametric procedure for this analysis is the _________________ test.A) Wilcoxon rank-sum
B) sign
C) Wilcoxon signed-rank
D) Kruskal-Wallis