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

Solutions

Expert Solution

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.

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

What is nonparametric statistics? Provide an examples of a research hypothesis where researchers can use nonarametric...

What is nonparametric statistics? Provide an examples of a research hypothesis where researchers can use nonarametric statistical techniques.

provide an example where people use nonparametric test in either business or real life using customer...

provide an example where people use nonparametric test in either business or real life using customer satisfaction. I need a full example please

Please provide examples or situations where you can use higher or lower alpha level

The article “Understanding Nonparametric Tests“ explains what a nonparametric test is and provides a real-world example:...

The article “Understanding Nonparametric Tests“ explains what a nonparametric test is and provides a real-world example: A nonparametric test is a hypothesis test that does not require the population's distribution to be characterized by certain parameters. For example, many hypothesis tests rely on the assumption that the population follows a normal distribution with parameters μ and σ. Nonparametric tests do not have this assumption, so they are useful when your data are strongly nonnormal and resistant to transformation. However, nonparametric...

Discuss either an advantage or disadvantage of the corporate form of business using real-world examples where...

Discuss either an advantage or disadvantage of the corporate form of business using real-world examples where possible.

Choose a business and describe examples of situations where the business might need business income insurance...

Choose a business and describe examples of situations where the business might need business income insurance and consequential damage coverage.

Choose a business and describe examples of situations where the business ness might need business income...

Choose a business and describe examples of situations where the business ness might need business income insurance and consequential dam- age coverage.

Describe examples of situations where you could appropriately use the following. Explain why the procedure is...

Describe examples of situations where you could appropriately use the following. Explain why the procedure is the correct one to use and identify the statistic to be used and explain why that is the correct choice. a. Confidence interval for a proportion. b. Confidence interval for a mean, unknown σ. c. Confidence interval for a mean, σ known. Describe procedure for following and provide an example of the calculations: d. Margin of error calculation for 95% confidence level. e. Sample...

Describe examples of situations where you could appropriately use the following. Explain why the procedure is...

Describe examples of situations where you could appropriately use the following. Explain why the procedure is the correct one to use and identify the statistic to be used and explain why that is the correct choice. (1 point each) Confidence interval for a proportion. Confidence interval for a mean, unknown σ. Confidence interval for a mean, σ known. Describe procedure for following and provide an example of the calculations: Margin of error calculation for 95% confidence level. Sample size determination...

Use the Chi-Square option in the Nonparametric Tests menu to answer the questions based on the...

Use the Chi-Square option in the Nonparametric Tests menu to answer the questions based on the following scenario. (Assume a level of significance of .05 and use information from the scenario to determine the expected frequencies for each category). Scenario: During the analysis of the district data, it was determined that one high school had substantially higher Graduate Exit Exam scores than the state average and the averages of high schools in the surrounding districts. To better understand possible reasons...

Subjects