Characteristics of parametric and non-parametric test

Assignment Help Basic Statistics
Reference no: EM13108276

Compare and contrast the characteristics of parametric and non-parametric test methodologies. Give examples of when to use each.

Discuss the role of variance in difference of means hypothesis testing. Is it critical to the result? Why or why not. Why do we care?

Reference no: EM13108276

Questions Cloud

Discuss different roles people play in work groups : Discuss different roles people play in work groups? Please share the role you predominantly played in project or work groups. Compare local Ohio advertising jobs to job openings in advertising in a global scale sumerize there result.
Use of testing of hypothesis : When would you use a two population test with a small sample size at your place of employment, in your education, or in politics?
Measure percentage of variance accounted by treatment effect : Using two-tailed test with α = .05, is there significant difference between two treatment conditions? Calculate r2 to measure percentage of variance accounted for by treatment effect.
Standards of performance : What standards of performance did your professor establish? How was your actual performance measured? How was your performance compared to the standards?
Characteristics of parametric and non-parametric test : Compare and contrast the characteristics of parametric and non-parametric test methodologies. Give examples of when to use each.
What are the advantages of having comparative advantage : What are the advantages of having comparative advantage in a car industry?
Non-parametric tests in business decision-making : What are various non-parametric tests utilized in business decision making? Give an example of each test with an appropriate business situation.
Non-parametric method sign test exercise : Are stock splits beneficial to stockholders? SNL Securities studied stock splits in the banking industry over an 18-month period and found that stock splits tended to increase the value of an individual stock holding.
Parametric and nonparametric data identification : A catering company is buying equipment in order to set up their own store. They have a choice of two ovens that they can purchase for the store.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd