Determine Which Branch of Statistics Was Used to Make the Following

question 80

Multiple Choice

Determine which branch of statistics was used to make the following statement. Based on a sample of 2739 respondents, it is estimated that pet owners spent a total of 14
Billion dollars on veterinarian care for their pets.

• A) inferential statistics
• B) descriptive statistics
• C) differential statistics
• D) time series statistics

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the company, reducing the amount of outstanding stock on the open market.

Income Statement

A financial report summarizing the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.

Income Before Taxes

The total revenue a company generates minus the total expenses before income tax expense is subtracted; an indicator of a company's pre-tax profitability.

Earnings Per Share

A financial ratio that indicates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of a company's profitability.