Which of the Following Statements Is Not True About Parametric

question 111

Multiple Choice

Which of the following statements is not true about parametric tests?

• A) The t statistic assumes that the variable is normally distributed and the mean is known (or assumed to be known)and the population variance is estimated from the sample.
• B) The t test is a commonly used parametric test.
• C) Parametric tests are used when the independent variables are non-metric.
• D) B and C are not correct.

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Definitions:

Net Income

The sum a company retains as profit after removing costs, expenses, and taxes from its total income.

Retained Earnings

The portion of a company's profits that is kept or retained within the business instead of being paid out to shareholders as dividends.

Stockholders' Equity

The stake in a company's assets left over after all debts have been cleared, frequently called shareholders' equity.

Revenues

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.