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What distinguishes parametric from nonparametric tests? Give some examples.
Expenses
Costs incurred by a business in the process of earning revenue, such as salaries, rent, and utilities.
Assets
Resources owned or controlled by a company with expected future economic benefit.
Revenues
The total amount of money generated by a company from its normal business operations, before any costs or expenses are deducted.
Total Liabilities
The sum of all financial obligations or debts that a company owes to outside parties, listed on the balance sheet.
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