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For a firm to have balanced measures, the measures selected must be balanced between
Standardized Test Statistic
A statistic that is calculated from sample data and can be compared to a distribution to determine significance.
Wilcoxon Rank Sum Test
A nonparametric statistical hypothesis test used to compare two independent samples, assessing whether their populations have the same distribution.
Rank Each Group
"Rank each group" involves ordering or organizing groups based on certain criteria or measurements to determine their relative positions.
Parametric Techniques
Statistical techniques based on assumptions about the population parameters and the distribution that the data comes from.
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