a. How should you interpret this statement: One test is more efficient than another? b. If the

Question:

a. How should you interpret this statement: One test is more efficient than another?
b. If the is normal, which would be more efficient, a parametric test or a nonparametric test?
c. If the is far from normal, which would be likely to be more efficient, a parametric test or a nonparametric test?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...