Statistical Procedures That Summarize and Describe a Series of Observations

question 44

Multiple Choice

Statistical procedures that summarize and describe a series of observations are called

• A)inferential statistics.
• B)descriptive statistics.
• C)scales.
• D)ratios.

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Definitions:

Imitation

The action of using someone or something as a model and trying to replicate or emulate their behavior, process, or product.

Innovating Firms

Companies that introduce new products, services, or processes, contributing to technological progress and market dynamics.

Enhance Profits

Strategies or actions taken by a business to increase its net earnings.

Imitation

The act of copying or mimicking the features, designs, or actions of another product, service, or behavior, often with the intention of capturing value or recognition.