Explore BrainMass

Explore BrainMass

    Using Nonparametric Methods to Solve Business Related Problems

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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?

    © BrainMass Inc. brainmass.com March 4, 2021, 7:37 pm ad1c9bdddf

    Solution Preview

    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.