A Statistics Professor Asked Students in a Class Their Ages

question 49

Multiple Choice

A statistics professor asked students in a class their ages.Based on this information, the professor states that the average age of students in the university is 21 years.This is an example of _____.

• A) a census
• B) descriptive statistics
• C) an experiment
• D) statistical inference

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Definitions:

Economic Life

The estimated period over which an asset is expected to be useful and generate revenue, differing from its physical life.

Off-Balance Sheet Financing

Off-Balance Sheet Financing is a financial obligation that is not directly recorded on the company's balance sheet and is used to keep debt-to-equity ratios low and improve financial indicators.

Operating Expenses

Costs associated with a company's main operational activities, excluding cost of goods sold, financing costs, and taxes.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in the net income or loss for that period.