Firms choose a focus strategy to serve the needs of which of the following ?
Non-parametric (distribution-free) statistical tests do not require assumptions about the specific parametric form of the parent population distribution, can be applied to…
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Firms choose a focus strategy to serve the needs of which of the following ?
Answer and explanation
Correct answer D
Non-parametric (distribution-free) statistical tests do not require assumptions about the specific parametric form of the parent population distribution, can be applied to ordinal or nominal data, and are generally easier to compute for small samples.
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UGC NET Management