Explain Wilcoxon signed rank test, its application and how you would set up equations in this test?© BrainMass Inc. brainmass.com March 4, 2021, 6:27 pm ad1c9bdddf
The Wilcoxon Signed Rank Test is the non-parametric analogue of matched pairs or dependent samples t-test.
Applications (examples of business problems):
It has many applications. For instance "before and after" experiments. Another application might be the comparison of performance of two brands of a product. Note that these two applications could be also addressed with the Sign Test.
Consumer preferences for two competing products are often compared by having each ...
This solution explains the Wilcoxon signed rank test.