The first step in a Wilcoxon rank sum test is to combine the data values in the two samples and assign a rank of 1 to the:
A) smallest observation B) middle observation C) largest observation D) observation that occurs most frequently E) observation that occurs least frequently
Two payments of $2,000 each are scheduled for six months from now and two years from now. They are to be re-scheduled as follows: a payment one year from now and a second payment, half the size of the first payment, three years from now. What must the amount of each payment be for the replacement stream to be equivalent to the originally scheduled stream? Assume that money can earn 7.8% compounded semi-annually.