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I Nonparametric Tests Require No Assumptions About the Shape of the Population

question 49

Multiple Choice

i. Nonparametric tests require no assumptions about the shape of the population distribution.
ii. Tests of hypotheses for nominal or ordinal levels of measurement are called nonparametric or
Distribution-free tests.
iii. There is not one, but a family of chi-square distributions. There is a chi-square distribution for 1
Degree of freedom, another for 2 degrees of freedom, another for 3 degrees of freedom, and so on.


Definitions:

Prisoner's Dilemma

A paradox in decision analysis in which two individuals acting in their own self-interest pursue a course of action that does not result in the ideal outcome.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players' strategies remain unchanged.

Competitor's Pie

A metaphorical representation of the total market share or demand available to all competitors within a market.

Simultaneous Move Game

A type of game theory scenario where all participants choose their actions without knowledge of the others' decisions at the same time.

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