Give at Least Two Examples of Nonparametric Tests and Their

question 6

Essay

Give at least two examples of nonparametric tests and their comparable parametric tests

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Definitions:

External Users

Individuals or organizations outside a company who use its financial statements for decision-making purposes, such as investors, creditors, and regulatory agencies.

Accounting Information

Financial data and reports generated from the accounting system of a business, used for decision-making and financial analysis.

Limited Liability Company (LLC)

A business form consisting of one or more persons or entities filing an operating agreement with a state to conduct business with limited liability to the owners, yet treated as a partnership for tax purposes.

Missing Amount

A term used in accounting and finance to denote a value that must be found within a set of numbers or financial statements when it is not explicitly provided.