In general, when should a nonparametric technique be used instead of its parametric counterpart?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Business Statistics

ISBN: 9781111524081

7th Edition

Authors: Ronald M. Weiers

See More Books

Question Posted: Sep 08, 2015 07:27 AM

See More Questions

When should nonparametric statistics be used?
a. Can the nonparametric test for two unpaired samples be used with quantitative data? Why or why not? b. Can the nonparametric test for two unpaired samples be used with ordinal data? Why or why...
a. List the advantages of nonparametric testing over parametric methods, if any. b. List the disadvantages, if any, of nonparametric testing compared with parametric methods. How serious are these...
The city of Toledo has received a proposal to build a new multipurpose outdoor sports stadium. The expected life of the stadium is 20 years. It will be financed by a 20- year bond paying 8 percent...
1. In what ways did Benettons use of its control systems result in declining performance? 2. How did its competitors use their control systems to gain a competitive advantage? 3. What kinds of...
If your salary were to increase at a rate of 6% per year, find your salary during your 15th year if your original salary is $31,000.
What is a new-venture team?
Speedy Delivery Systems can buy a piece of equipment that is anticipated to provide an 11 percent return and can be financed at 6 percent with debt. Later in the year, the firm turns down an...
(08 Marks) In the Fig.1(c), compare the output of the network, if the activation function is a sigmoid 1 function y=- and (X1, X2) (1, 1). 1+e 1+1 AYY Y YC.) B YC. ye D 46 (06 Marks)
A process engineer is trying to improve the life of a cutting tool. He has run a 23 experiment using cutting speed (A), metal hardness (B), and cutting angle (C) as the factors. The data from two...
For the following independent and random samples, use the 0.10 level of significance in testing whether the population medians could be equal. Sample 1 313 240 262 218 236 253 Sample 2 361 316 149...
A sample of five law firms has been selected from each of three major cities for the purpose of obtaining a quote for legal services on a relatively routine business contract. The quotes provided by...
Refer to the data in PE 18-7. Using the following additional information, compute the cost of materials to be used in the coming period. (Assume no beginning or ending direct materials inventory.)...
Let's assume that the nominal exchange rate between the Argentine peso and the Canadian dollar is 1,000 pesos per dollar. Furthermore, suppose that a kilogram of chopped beef costs 2.005 in Canada...
3. Let f(x)=8x-13, find the limit L of the function as x approaches 6. Then find the value of 8 required to guarantee that f(x)-L| <0.001 whenever |x-6| <8.
Question 1. Process Capability Improvement 1. Describe a (manufacturing or service) process of your choice that you intend to improve the capacity of that process. 2. Show a step-by-step procedure...
Suppose that consumers become pessimistic about the overall economy because of partisan politics. What would you expect to happen to the aggregate demand curve?
Write all corresponding letters in the column, noting that there may be more than one person able to do the task. A. Licensee-in-charge/Principal Agent B. Signatory on the trust account C....
If b A = MN, b C = M, and b D = N, what is the relationship among A, C, and D?
All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A surgical robot (d) A conveyor belt
The joint probability distribution is x - 1 0 0 1 y 0 -1 1 0 fXY (x, y) Show that the correlation between X and Y is zero, but X and Y are not independent.
Suppose X and Y are independent continuous random variables. Show that XY = 0.
Let X and Y represent concentration and viscosity of a chemical product. Suppose X and Y have a bivariate normal distribution with X = 4, Y = 1, X = 2, and Y = 1. Draw a rough contour plot of the...
Do you envision the business as starting by targeting specific needs of a single target community (e.g. the target is San Francisco), targeting specific needs of a similar set of communities (e.g....
Define social media. ( 20 points ) How has social media changed the way marketers and consumers communicate with one another? Explain the implications for marketers. Describe how marketing managers...
Find an article or video offering advice on choosing the best financing option for a business. Answer the following questions: Which types of financing did they discuss? What advice did they offer?...

In general, when should a nonparametric technique be used instead of its parametric counterpart?

Question:

Step by Step Answer:

A nonparametric test should be used instead of its parametric co...View the full answer

Introduction To Business Statistics

Students also viewed these Statistics questions