Briefly explain when/why it would be appropriate to use a non-parametric test instead of a parametric test (provide at least two reasons).
1. Nonparametric tests assess the median which can be better for some study areas.
2. Nonparametric tests are valid when our sample size is small and your data are potentially nonnormal.
3. If the median is a better measure, consider a nonparametric test regardless of your sample size.
Briefly explain when/why it would be appropriate to use a non-parametric test instead of a parametric...
when can I use non parametric alternative test: the Wilcoxon signed rank test.? instead of t-test
The _________ is an appropriate non-parametric technique for comparing two probability distributions when a match-pairs design is used. Group of answer choices 1. Wilcoxon signed ranks test 2. Kruskal-Wallis test 3. Wilcoxon rank sum test 4. t test I am very very sure it is not option 4!
b. In practice, most derivative transactions end with cash settlement instead of physical delivery. Briefly explain what is meant by "cash settlement". Provide TWO (2) reasons why cash settlement is typically preferred over physical delivery (3+4-7 marks) c. Some scholars are of the opinion that futures contracts are not permissible from a Shari ah point of view, arguing that the futures contract contain excessive uncertainty or gharar. Provide TWO (2) counterarguments that have been used by other scholars who advocate...
5. Discuss when you would use discriminant analysis instead of multiple regression analysis. Explain the difference between metric and non-metric variables.
When assumptions are violated in repeated-measures ANOVA, a non-parametric test called Friedman’s ANOVA can be used in which situations? a. For any repeated-measures ANOVA design. b. When you have only one independent variable. c. When you have two or more independent variables. d. Never for repeated-measures ANOVA.
a) Explain briefly why the core of most power transformers is made out of a magnetic material such as steel rather than wood. b) What would be the best type of motor for the following applications? 1. Driving a pump that always operates at full load? 2. A machine tool that requires precise speed or position control? c) Explain briefly when it would be optimal to produce power from a hydroelectric power plant with a large reservoir? d) Give two...
Why you would choose to use a DBMS instead of storing data in an operating system’s files? Provide some examples of databases that you know of (not listed in the summary above) and how they are used. When it would make sense not to use a DBMS? Why?
Why would ELISA test be used instead of a traditional biochemical test?
Identify two non-manufacturing companies that could use process costing and explain briefly.
1. When would a lock-in amplifier be needed instead of a modulation technique? Explain how a lock-in amplifier works. 2. Briefly explain how a photodiode detector work.(By diagram)