Which of the Following Are Non-Parametric Tests

question 14

Multiple Choice

Which of the following are non-parametric tests?

• A) Willcoxon test
• B) Mann-Whitney test
• C) Kruskal-Wallis test
• D) All of the above

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Definitions:

Perfectly Competitive

A market structure characterized by many sellers and buyers, homogeneous products, and free entry and exit, leading to price takers on both sides.

ATC Curve

A graph that shows the average total cost of producing different quantities of a good or service, calculated by dividing the total cost by the quantity produced.

Positive Economic Profit

The excess amount by which total revenue surpasses the total costs, including opportunity costs of production.

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information.