Description
The purpose of this discussion is to allow you to consider how various non-parametric tests are used and how they compare to other tests with similar variables. To do this, you will need to identify the appropriate application of course-specified statistical tests, examine assumptions and limitations of course-specified statistical tests, and communicate in writing critiques of statistical tests.
- Describe the chi-square goodness-of-fit test.
- Provide a detailed explanation of what this test measures, and how it is similar to and different from the independent t-test and the chi-square test of independence.
- How do you know when to use one analysis over the other? Provide a real-world example
Explanation & Answer
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Chapter 2
Mini-Case Questions
Q1. Do you think a country the size of Iceland or New Zealand is more or less sensitive to the
potential impacts of global capital movements?
Smaller nations – as measured by populace and monetary yield – are unmistakably touchier
to worldwide capital developments. The affectability of a nation like Iceland is increased on account
of relative size. Capital duties that are viewed as generally little by speculation banks, worldwide
companies, or cash directors in greater markets like New York and London, can wind up actually
suffocating a littler open market in a brief span. Nations like Iceland and New Zealand (GDP as
0.1% of U.S. Gross domestic product) are really easily affected to such risk. As the worldwide
monetary markets turn out to be more coordinated and created, capital stream all through a nation
can change tremendously in a brief timeframe. While these progressions are moderately little in
greater nations contrasted with their GDP, and here and now variances can be secured by their
stores, they represent a much critical part in littler nations GDP, twist BOP and can't be ransomed by
these administrations' stores.
In addition, the worldwide markets consider them to be similarly steady and generally safe
nation markets, making them significantly more app...
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