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Using Nonparametric Methods to Solve Business Related Problems

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Suggest applications of nonparametric methods to solving business related problems. Describe the example. How are you or could you use nonparametric methods to solve business related problems?

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If we want to compare two variables measured in the same sample we would customarily use the t-test for dependent samples (in Basic Statistics for example, if we wanted to compare students' math skills at the beginning of the semester with their skills at the end of the semester). Nonparametric alternatives to this test are ...

Solution Summary

The solution talks about how nonparametric methods can be applied to business related problems.

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