We Can Apply Parametric Tests,such as the T-Test,to Ordinal or Ranked

question 2

True/False

We can apply parametric tests,such as the t-test,to ordinal or ranked level of measurement.

---

Definitions:

Paycheque

A check issued to an employee for earned wages, representing the net amount after deductions such as taxes and social security contributions.

Compensating Balances

A minimum bank account balance a borrower is required to maintain as part of a loan agreement, offering the bank some security.

Transactional Motive

The transactional motive is the need to hold cash for the purpose of conducting day-to-day business operations, such as paying wages and suppliers.