The Main Difference Between Parametric & Nonparametric Statistics Is That

question 139

Multiple Choice

The main difference between parametric & nonparametric statistics is that parametric statistics:

• A)Makes no assumptions about the population distribution
• B)Assumes that the population distribution is normally skewed
• C)Assumes that the population distribution is normally distributed
• D)Cannot be used when dependent measured on ratio & interval scales
• E)All of these are correct

---

Definitions:

Expansionary Monetary Policy

Central bank strategies aimed at increasing the money supply to stimulate economic growth.

Demand For Investment

The desire or willingness of individuals or businesses to allocate resources towards new capital or projects expecting future returns.

Money Supply Curve

A graphical representation of the relationship between the money supply and the interest rate in an economy.

Excess Supply

A situation where the quantity of a good or service supplied is more than the quantity demanded at the current price.