What Is the Non-Parametric Equivalent of the Independent T-Test

question 7

Multiple Choice

What is the non-parametric equivalent of the independent t-test?

• A)Friedman's ANOVA
• B)Wilcoxon signed-rank test
• C)Spearman's rho
• D)Mann-Whitney U test

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Definitions:

Average Variable Costs

Costs that vary with the level of output, divided by the quantity of output produced, indicating the variable cost per unit.

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or sales in a company.

Marginal Cost

The addition to total cost that results from producing one more unit of output.

Diseconomies of Scale

The condition in which a company's costs per unit increase as it produces more units, typically due to inefficiencies that arise with increased size or output.