Parametric tests make assumptions that aspects of the data follow some sort of theoretical probability distribution. Non-parametric tests or distribution free methods do not, and are used when the ...

In statistical inference, or hypothesis testing, the traditional tests are called parametric tests because they depend on the specification of a probability distribution (such as the normal) except ...

Explain why and when a non-parametric test should be used or may be preferred for simple comparison over a parametric method Explain the general principles and process of performing a non-parametric ...

Lockton's Global Parametric Insurance Practice is set to help businesses adopt cost-effective alternative risk solutions, addressing the widening gap between insured and uninsured losses. KANSAS ...