Question

Discuss examples of real business situations where you can use nonparametric tests.

Answer 1

Nonparametric test are methods of statistical analysis that will not be requiring the distribution to meet the required assumption to be analysed so they are sometime also known as distribution free analysis and they have a large number of implication in the business as these test can use for various business functions.

non parametric test supply a set of function associated with the flow of the goods and information in regards to various companies and other companies will be increasingly used as a crucial element in their corporate strategy so non parametric test will be collecting data in various problems such as-

A. These test can be used in customer satisfaction

B. this test could also be used for the consumer demand for the responsiveness and quality and value impact of the business and the bottom line.

C. This test will also have an implication by anticipation of the future of major part of any management role so it will be able to predict more accurately than the competitor so it can have a competitive advantage

D. It can be used for customisation in the business to a large extent.