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Which One of the Following Statements Correctly States the Difference

question 27

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Which one of the following statements correctly states the difference between parametric and nonparametric statistical methods?


Definitions:

Flow Variable

A quantity that is measured over a specified period of time, such as income or expenditure.

Stock Variable

A measure of something at a particular point in time, such as the amount of money you have with you right now.

Periodic Variable

A variable that changes at regular intervals over time, often used in the analysis of time series data.

Measured

Evaluated or quantified in terms of extent, dimensions, quantity, or capacity.

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