A Binary Choice Model Is Also Referred to as a Discrete

question 10

True/False

A binary choice model is also referred to as a discrete choice model.

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Definitions:

Distribution-Free

Refers to statistical methods or tests that do not assume a specific distribution for the underlying population data.

Wilcoxon Rank Sum

A nonparametric statistical hypothesis test used to compare two independent samples to determine if they come from the same distribution.

Approximate Distribution

A statistical term referring to the distribution that is assumed for a dataset based on certain approximations or assumptions.

Sign Test

A non-parametric test used to determine if there is a median difference between paired observations.