Which of the Following Statements Is True

question 15

Multiple Choice

Which of the following statements is true?

• A)Descriptive techniques summarize information from samples.
• B)Inferential techniques allow us to make estimates about a population.
• C)Inferential techniques allow us to draw conclusions about a population.
• D)All of these statements are true.

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Definitions:

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, and be predictably useful when retrieved.

Medium Of Exchange

A tool that assists in the buying, selling, or exchanging of goods among different parties.

Cash

Liquid currency including coins and banknotes that is used to facilitate transactions and settle debts.

Stocks

Shares of ownership in a company, representing a claim on part of the company's assets and earnings.