When We Speak About Rank-Randomization Tests We Are Talking About

question 44

Multiple Choice

When we speak about rank-randomization tests we are talking about procedures that

• A) deal with ranks.
• B) ask how ranks would be distributed if the data were random.
• C) form the basis of many distribution-free tests.
• D) all of the above

---

Definitions:

Utility Function

Represents a consumer's preference ranking for various bundles of goods, articulating the level of satisfaction received.

Indifference Curve

An indifference curve represents a graph showing different combinations of two goods that provide the consumer with the same level of satisfaction or utility.

Apples

A common fruit that is edible, coming in various varieties and used both for eating raw and in cooking.

Bananas

A long, curved fruit with a soft, edible inner part and a yellow skin when ripe, commonly eaten as a snack or used in cooking and baking.