If a One-Way ANOVA Is Considered a Parametric Test, What

question 39

Multiple Choice

If a one-way ANOVA is considered a parametric test, what is its non-parametric equivalent?

• A) Kruskal-Wallis ANOVA
• B) Friedman's ANOVA
• C) Roy's largest root
• D) There is no non-parametric equivalent, therefore multiple Mann-Whitney tests should be used.

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Definitions:

Fiscal Period

Refers to any period used for accounting purposes, typically a year, which can either align with the calendar year or be a different 12-month period.

Insurance

A financial product sold by insurance companies to safeguard against financial losses from specific risks, such as accidents, theft, or natural disasters.

Adjusting Entry

An accounting entry made in the journals at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, listing revenues and expenses to show net profit or loss.