Describe the Difference Between Descriptive Statistics and Inferential Statistics, and Give

question 80

Essay

Describe the difference between descriptive statistics and inferential statistics, and give an example for each.

---

Definitions:

Discontinued Operations

Components of a business that have been sold or otherwise disposed of, or that are classified as held for sale, with their results reported separately in financial statements.

Tax Effects

The impact of taxes on an entity’s financial statements, including the calculation of tax liabilities or assets.

Operating Profits

Income earned from a company's core business operations, excluding non-operating income and expenses.

Gift Certificates

Vouchers or tokens that can be exchanged for goods or services at specific retailers or establishments.