What Type of Statistics Employs the Use of Sample Data

question 24

Multiple Choice

What type of statistics employs the use of sample data that is used to infer information about the population?

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

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Definitions:

Planning Time Horizons

The periods over which organizations or individuals plan their activities and objectives, typically categorized as short, medium, or long term.

Short-Range Plans

Strategies and actions that are intended to achieve goals within a relatively brief period, typically up to one year.

Intermediate-Range Plans

Planning strategies that focus on a medium-term horizon, typically ranging from one to five years, balancing short-term and long-term objectives.

Long-Range Plans

Formulating strategies and goals for an extended time frame to guide an organization towards its vision.