Which of the Following Is an Assumption of a Parametric

question 25

Multiple Choice

Which of the following is an assumption of a parametric test?

• A) The central limit theorem is applicable.
• B) The population values follow a t distribution.
• C) The sample was randomly selected from the population.
• D) The risk of a Type I error is .05.

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Definitions:

Increase

A rise in value, quantity, or some other measure.

Trade Discount

A reduction from the list price given by a seller to a buyer, often based on the volume of the transaction or to incentivize early payment.

Bank

A financial institution licensed to receive deposits and make loans, it may also provide financial services such as wealth management, currency exchange, and safe deposit boxes.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.