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If the current period has a CPI of 143,then the amount of inflation since the base period is
Normally Distributed
Describing a distribution that follows a normal curve, with most observations clustering around the mean and tapering off symmetrically towards the extremes.
Sign Test
A non-parametric test used to evaluate the difference between the median of a paired sample and a hypothesized value.
Identical Medians
The statistical assessment that two or more groups have the same median value in their data distributions.
Identical Probability Distributions
Probability distributions that are exactly the same in terms of their statistical properties such as mean, variance, and skewness.
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