The Component of Statistical Methodology That Includes the Collection,organization,and Summarization

question 26

Multiple Choice

The component of statistical methodology that includes the collection,organization,and summarization of data is called:

• A)probability distribution.
• B)descriptive statistics.
• C)statistical inference.
• D)predictive statistics.

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Definitions:

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or any other business activity, sharing the risks and rewards.

Authorized

Having official permission or approval to do something.

Specified Territory

A clearly defined geographic or conceptual area designated for a specific purpose or assigned to a person or entity.

Transnational Companies

Corporations that operate and have assets in more than one country, often managing production and delivering services in various international locations.