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i. Nonparametric tests require no assumptions about the shape of the population distribution. ii. Tests of hypotheses for nominal or ordinal levels of measurement are called nonparametric or distribution-free tests.
iii. There is not one, but a family of chi-square distributions. There is a chi-square distribution for 1 degree of freedom, another for 2 degrees of freedom, another for 3 degrees of freedom, and so on.
Corporation
Legal organization with assets and liabilities separate from those of its owner(s).
Franchise
A licensing agreement where a franchisor allows a franchisee to use its brand, products, and operating methods.
Franchising Agreement
A legal contract where a franchisor grants a franchisee the right to operate a business using the franchisor's trademark, product, and business model in exchange for fees.
Franchisor
A business entity that grants the rights to an individual or group to market its products or services in a specific territory under the business's brand and operating methods.
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