Which of the Following Statements Is Not True About Parametric

question 33

Multiple Choice

Which of the following statements is not true about parametric tests?

• A)Parametric tests are used when the independent variables are non-metric.
• B)The t test is a commonly used parametric test.
• C)The t statistic assumes that the variable is normally distributed and the mean is known (or assumed to be known)and the population variance is estimated from the sample.
• D)B and C are not correct.

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Definitions:

Labor Market

The marketplace where the supply of workers is met by the demand for them by employers, determining employment levels and wages.

Median Earnings

The midpoint value of earnings in a specified group, where half earn more and half earn less.

Labor Market

A marketplace where employers find workers and workers find jobs.

Marginal Productivity Theory

An economic principle that asserts the payment factors of production, like labor and capital, is based on their marginal productivity in the production process.