What Is a Key Distinction Between Parametric Tests and Nonparametric

question 3

Multiple Choice

What is a key distinction between parametric tests and nonparametric tests in terms of scales of measurement?

• A) Parametric tests are used for interval and ratio data, whereas nonparametric tests are used for nominal and ordinal data.
• B) Parametric tests are used for ordinal and nominal data, whereas nonparametric tests are used for interval and ratio data.
• C) Parametric tests are used for ordinal or interval data, whereas nonparametric tests are used for nominal data only.
• D) There is no distinction; both types of tests are used to analyze data on any scale of measurement.

Examine the influence of governmental policies on economic growth, social welfare, and the fight against communism.

Understand the implications of the Cold War on American domestic and foreign policies.

Analyze the societal shifts and cultural movements in America during the postwar period.

Examine the economic changes and consumerism trends in the United States post-World War II.

---

Definitions:

Indifference Curves

Indifference curves are graphical representations showing combinations of goods between which a consumer is indifferent, highlighting preferences.

Income

Income is the financial gain acquired from labor, capital investments, or business activities over a certain period, used for consumption or saving.

Price of X

The amount of money required to purchase a unit of Product X, influenced by factors such as supply, demand, and market conditions.

Individual Demand Curve

A graphical representation showing the quantity of a goods or services a single consumer is willing and able to purchase at various prices.