The Two Main Branches of Statistical Methods Are

question 71

Multiple Choice

The two main branches of statistical methods are:

• A)theoretical and inferential
• B)intuitive and observational
• C)descriptive and intuitive
• D)descriptive and inferential

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Definitions:

Transformation

A broad term that can refer to a change or alteration in form, appearance, structure, or character, often used in various contexts including mathematics, technology, and social change.

Opportunity Cost

Spurning possible enhancements from different opportunities by electing a specific option.

New Capital

Funds or assets newly invested for the purpose of generating additional income or growth.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.