What is the rank-based method in non-parametric statistics?
- A method of handling data that involves converting the data to ranks
- A method that involves converting data to percentages
- A method that involves cubing the data values
- A method that involves taking the logarithm of the data
A rank-based method in non-parametric statistics is a method of handling data that involves converting the data to ranks. The original data values are replaced by their ranks (e.g., the smallest value gets a rank of 1, the second smallest gets a rank of 2, etc.), and these ranks are used in the statistical analysis.
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