What Is a 'Licence

question 63

Multiple Choice

What is a 'licence'?

• A)Permission from a statutory authority to do something that would otherwise be illegal.
• B)A type of verbal agreement.
• C)An authority granted under the Corporations Act.
• D)The authority pertaining to the conduct of a particular business that comes with registration of a business name.

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Definitions:

Variance

A measure of the distribution of data points in a data set around the mean, indicating how spread out the data points are.

Z-score

A statistical measure representing the number of standard deviations a data point is from the mean of its data set, used in standardizing scores for comparison.

Probability Sampling

Sampling based on random selection of the sample units.

Convenience Sampling

Sampling based on convenience to the researcher.