Statistical Techniques Based on Assumptions About the Population from Which

question 40

Multiple Choice

Statistical techniques based on assumptions about the population from which the sample data are selected are called _______.

• A)population statistics
• B)parametric statistics
• C)nonparametric statistics
• D)chi-square statistics
• E)correlation statistics

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Definitions:

Financial Statements

Papers that give a summary of a corporation's financial status, featuring the balance sheet, income statement, and statement of cash flows.

Fiscal Year

A 12-month period used for accounting purposes that may not coincide with the calendar year.

Lifetime Operations

The entire period during which an entity or project is expected to operate or function, from inception to completion or cessation.

Adjusted Trial Balance

A compilation of all accounts along with their balances, updated after adjustment entries, which is utilized for the creation of financial reports.