Answered: Identify two advantages of…

Identify two advantages of nonparametric methods over parametric methods. When is a parametric procedure preferred? Explain your answer.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter9: Systems Of Equations And Inequalities

Section: Chapter Questions

Problem 39RE

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Concept explainers

Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.

Question

Identify two advantages of nonparametric methods over parametric methods. When is a parametric procedure preferred? Explain your answer.

Expert Solution

Step 1

The advantages of non-parametric methods over parametric methods are given below:

The non-parametric methods have very less and simple calculations than parametric methods.
The non-parametric methods are more resistant to outlier and extreme than parametric methods.

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