Those Methods Involving the Collection, Presentation, and Characterization of a Set

question 119

Multiple Choice

Those methods involving the collection, presentation, and characterization of a set of data in order to properly describe the various features of that set of data are called

• A) descriptive statistics.
• B) sampling.
• C) statistical inference.
• D) the scientific method.

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Definitions:

Mission

The fundamental purpose of an organization, summarizing its values, goals, and the path it pursues to serve its stakeholders.

Management Accounting

Involves collecting, analyzing, and presenting financial and non-financial information to help managers make informed decisions to achieve business objectives.

Financial Accounting

The field of accounting that focuses on the preparation and reporting of financial statements for external users such as investors, creditors, and regulators.

Governmental Accounting

Accounting practices specifically designed for the public sector, focusing on accountability rather than profitability.