A Sample Is to a Population as a ____ Is

question 33

Multiple Choice

A sample is to a population as a ____ is to a(n) ____.

• A) description; inference
• B) statistic; inference
• C) fact; datum
• D) mean; standard deviation
• E) statistic; parameter

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Definitions:

General Journal

A comprehensive record where all financial transactions of a business are originally entered before being transferred to specific accounts in the general ledger.

Cash Payments Journal

A financial journal that records all cash payments or outflows of a business.

Sales Journal

A specialized accounting journal used to record all sales transactions of a business.

Sales Revenue

The income generated from selling goods or services over a specific period before deducting any costs or expenses.