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Which Branch of Statistics Allows Us to Draw Conclusions That

question 54

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Which branch of statistics allows us to draw conclusions that generalize from the subjects we have studied to all the people of interest by allowing us to make inferences based on probabilities?


Definitions:

Positive

An attribute of numbers greater than zero or situations that are beneficial or desirable.

Collection Float

The time period between when a payment is made by a customer and when the funds are actually available in the company’s bank account.

Book Balances

The amounts shown in a company's financial records, before any adjustments for checks or debits that have not yet been processed by the bank.

Available Balances

The total amount of funds in an account that are accessible for use or withdrawal at any given moment.

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