Two Major Types of Nonparametric Tests Are

question 51

Multiple Choice

Two major types of nonparametric tests are

• A)rank tests and order tests.
• B)order tests and distribution tests.
• C)rank tests and sign tests.
• D)sign tests and distribution tests.

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Definitions:

Asset

Assets held by a company or person anticipated to yield economic advantages in the future.

Expense Payable

Obligations or liabilities to pay for goods or services received but not yet paid for.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owner's Equity, representing a company's financial position.

Assets

Resources owned by a business or individual that are expected to provide future economic benefits.