When a Researcher Wants to Report the Average Cost of College

question 53

Multiple Choice

When a researcher wants to report the average cost of college tuition from the 1950s until present time, they are utilizing ______ statistics.

• A) prescriptive
• B) descriptive
• C) inferential
• D) historical

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aims to bring transparency, accountability, and efficiency to international financial markets.

Par Value

A nominal value assigned to share of stock in the charter of a corporation, often used in the calculation of capital accounts.