Compared to Parametric Tests, Non-Parametric Tests Use the Information Contained

question 127

Short Answer

Compared to parametric tests, non-parametric tests use the information contained in the data: $\begin{array}{|l|l|}\hline A&\text {more effectively. }\\\hline B&\text {less effectively. }\\\hline C&\text { about the same.}\\\hline D&\text { None of these choices are correct.}\\\hline \end{array}$

---

Definitions:

Discounted Payback

A modified payback period method that takes into account the time value of money by discounting cash flows.

Electromagnetism

A branch of physics that studies the interaction between electric currents and magnetic fields.

Solenoid

A coil of wire that acts as a magnet when carrying electric current, often used to control a valve or other components by moving a ferromagnetic core.

Relay

An electrical switch that opens and closes circuits electromechanically or electronically, often used for controlling a high-power circuit with a low-power signal.