Question

Discuss examples of real business situations where you can use nonparametric tests.

Answer 1

One example of a non parametric test is chi square test and here goodness of fit is one way this non parametric test can be used and in this regard, you can see how good the expected values are in line with that of actual values on the whole and this is one example of a business case where you can understand the forecasted values and the actual values and how interlinked with their using this non parametric test

Mann Whitney test is another example of a non parametric test which can be used in real life business scenarios where null hypothesis can be tested such that two populations can be drawn and compared in a particular area where one is greater than the other or not