Tests of Statistical Significance, Parametric vs Non Parametric tests, PSM tutorial,NEETPG2020, FMGE

In this video I shall talk about the various tests of Statistical significance. Tests of statistical significance is divided into 2 major categories. Parametric and Non Parametric test.
Indications of parametric test:
a. Normally distributed data
b. Metric scale of measurement
c. When means and standard deviations are to be compared.

Indications of non parametric test:
a. Skewed distribution.
b. Nominal and ordinal scale of measurement
c. When percentages and proportions are to be compared.