The Purpose of Descriptive Statistics Is To

question 82

Multiple Choice

The purpose of descriptive statistics is to:

• A) Make inferences about a population from a sample
• B) Test hypotheses
• C) Make interval estimates
• D) Summarize and explain a set of data

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Definitions:

Indirect NCI

Represents the portion of equity in a subsidiary not attributable directly to the parent company, often arising in complex group structures.

Tiered Group

A structure of multiple groups or entities arranged in a hierarchy, where control or ownership is exercised through several layers.

Notional Profits

Hypothetical or estimated profits based on assumptions or projections, not actual earnings.

Reciprocal

Something that is given or done in return for something else; in financial contexts, it often relates to mutual agreements or exchanges.