The Summaries of Data, Which May Be Tabular, Graphical, or Numerical

question 57

Multiple Choice

The summaries of data, which may be tabular, graphical, or numerical, are referred to as _____ statistics.

• A) inferential
• B) descriptive
• C) observational
• D) experimental

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Definitions:

Combined Margin

A financial metric that combines various profit margins (e.g., gross, operating, net) to give a comprehensive overview of a company's profitability.

Net Operating Income

The total profit of a company after operating expenses are subtracted from total revenue, but before deducting taxes and interest.

Margin

The difference between the sales price of a product and its cost of production, often expressed as a percentage of the sales price.

Turnover

The rate at which inventory or assets are sold or replaced in a given period, or the rate employees leave and are replaced in a company.