A trading magazine wants to know if a seminar on self-confidence helps stockbrokers to obtain new clients. Before and after the self-confidence seminar, 14 stockbrokers rated their self-confidence as low, neutral, or high. In comparing the before and after rankings, there was one plus sign and 13 negative signs for the sign test.
A) Specify the competing hypotheses to determine if there are differences in self-confidence before and after the seminar.
B) Assuming the proportion of plus signs follows a normal distribution, what is the value of the test statistic?
C) At the 1% significance level, what is the decision and conclusion?

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The Answer of A trading magazine wants to know if a seminar on self-confidence helps stockbrokers to obtain new clients. Before and after the self-confidence seminar, 14 stockbrokers rated their self-confidence as low, neutral, or high. In comparing the before and after rankings, there was one plus sign and 13 negative signs for the sign test.
A) Specify the competing hypotheses to determine if there are differences in self-confidence before and after the seminar.
B) Assuming the proportion of plus signs follows a normal distribution, what is the value of the test statistic?
C) At the 1% significance level, what is the decision and conclusion?

A Trading Magazine Wants to Know If a Seminar on Self-Confidence