Statistical Methods That Generally Require Very Few, If Any, Assumptions

question 13

Multiple Choice

Statistical methods that generally require very few, if any, assumptions about the population distribution are known as _____.

• A) parametric methods
• B) nonparametric methods
• C) free methods
• D) None of the answers is correct.

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Definitions:

Incentive

A factor, monetary or otherwise, that motivates individuals or entities to act in a particular way or to pursue a certain course of action.

Advertise

The act of promoting products, services, or ideas through various media channels in order to attract or increase interest among consumers.

Market Power

The ability of a firm or group of firms to influence the price of goods or services in a market.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.