A Nonparametric Test Would Be Used If

question 81

Multiple Choice

A nonparametric test would be used if

• A)nominal data is available
• B)interval data is available
• C)it is known that the population is normally distributed
• D)None of these alternatives is correct.

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Definitions:

Inverse Supply

A concept describing the relationship between the price of a good and the quantity supplied, typically showing that as price decreases, the quantity supplied decreases.

Pareto Optimal

A state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual or preference criterion worse off.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Sales Tax

A tax imposed by governments on the sale of goods and services, typically calculated as a percentage of the purchase price.