A Numerical Description of the Outcome of an Experiment Is

question 9

Multiple Choice

A numerical description of the outcome of an experiment is called a

• A) descriptive statistic.
• B) probability function.
• C) variance.
• D) random variable.

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Definitions:

Legally Liable

Being legally liable means being responsible by law to compensate or bear the consequences for causing damage or injury through actions or failures to act.

Corporation

A legal entity owned by shareholders with rights and liabilities distinct from those of its owners, capable of conducting business.

Sole Proprietorship

A business structure where a single individual owns and operates the business, taking on all responsibilities and liabilities.

Business Sales

The total receipts from goods and services sold by businesses over a specific time period.