Difference between parametric and nonparametric statistics


Assignment:

What is the Difference Between Parametric and Nonparametric Statistics?

Create a 650 to 750 word count essay on the following assignment.

Discuss the difference between parametric and nonparametric statistics and make sure to cover all of the following points:

• When are each appropriate to use and under what circumstances?

• Provide a real world example where each is appropriate to use.

o What would the outcomes of these statistical tests administered within your real world context be (in other words: what would you expect to find when using your recommended statistical test in your real world example situations)?

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Microeconomics: Difference between parametric and nonparametric statistics
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