The Probability Estimates Provided by Inferential Statistics Are Only Necessary

question 71

Multiple Choice

The probability estimates provided by inferential statistics are only necessary when

• A) the population values are unknown
• B) the parameters are given
• C) the population values are provided
• D) none of these

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Definitions:

Social Justice

The concept of fair and just relations between the individual and society, measuring fairness in terms of wealth distribution, opportunities, and privileges within a society.

Cost Effective

An economic measure that indicates whether the cost of an action or decision is justified by its benefits, aiming for an optimal outcome with minimal expenses.

Specific Criteria

are the clear and detailed standards or requirements used to evaluate or make judgments about something.

Empirical Data

Information gleaned through observation or experimentation, forming the basis for conclusions and theories in scientific research.