What Type of Statistics Is Used to Organize and Describe

question 43

Multiple Choice

What type of statistics is used to organize and describe the characteristics of a collection of data?

• A)inferential
• B)descriptive
• C)ordinal
• D)nominal

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Definitions:

National Car Rental

A rental car agency based in the United States, providing vehicle rental services to customers worldwide.

80/20 Rule

A principle suggesting that 80% of effects come from 20% of causes, often used in business and economics to focus efforts on the most productive inputs.

Firm's Sales

The total revenue generated from goods or services sold by a company within a specific period.

Firm's Customers

Individuals or organizations that purchase and use the products or services offered by a business.