The Term Used to Describe the Economic Events Which Are

question 12

Multiple Choice

The term used to describe the economic events which are the inputs of the accounting information system is:

• A) contracts.
• B) transactions.
• C) deals.
• D) agreements.

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Definitions:

Confidence Interval

A set of numbers, coming from the statistics of a sample, which probably includes the value of a parameter from a population that is not known.

Sample Proportion

The fraction of the sample that represents a particular category or characteristic, often used to estimate the proportion in the larger population.

Point Estimate

A single value or statistic used to estimate an unknown population parameter based on sample data.

Population Mean

The mean value of every number within a given population.