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Parametric and Nonparametric Data Identifications

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Jim owns three real estate offices in Anytown. He has decided to open one more office, but cannot decide between hometown or uptown as the towns where he wants to locate. He will be comparing the mean number of homes sold per real estate agent, and the mean commission percentage earned by agents in the two towns to make his decision.

How do I determine if this is parametric or nonparametric?

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Solution Summary

Jim owns three real estate offices in Anytown. He has decided to open one more office, but cannot decide between hometown or uptown as the towns where he wants to locate. He will be comparing the mean number of homes sold per real estate agent, and the mean commission percentage earned by agents in the two towns to make his decision.

Purchase this Solution
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