Descriptive Statistics

question 190

Multiple Choice

Descriptive statistics

• A) are numerical indexes of the degree of relationship between two variables.
• B) are used to organize and summarize data.
• C) are used to interpret data and draw conclusions.
• D) indicate the probability that the observed findings are due to chance.

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Definitions:

Bankruptcy

The state of a person who is unable to pay his or her debts without respect to time; one whose liabilities exceed his or her assets.

Contract Law

The body of law regulating legally binding agreements between parties, specifying the rights and duties that arise from agreements.

Procedural Law

Refers to the part of the legal system that sets out the methods and procedures for enforcing rights and obligations, including the steps for conducting a lawsuit.

Administrative Regulation

Rules and regulations created by administrative agencies to direct the conduct within their specific areas of authority.