If a Business Manager Selected a Sample of Customers and Computed

question 129

Multiple Choice

If a business manager selected a sample of customers and computed the mean income for this sample of customers, she has computed:

• A) a statistic.
• B) an ordinal value.
• C) a nominal value.
• D) a parameter.

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Definitions:

Imports

Goods or services brought into one country from another for sale or use.

Barter

The practice of exchanging products and services for other products and services rather than for money.

Global Sales

The total sales revenue generated from a company's products or services across different countries around the world.