Statistics Is Commonly Divided into Two Branches Called Descriptive Statistics

question 167

True/False

Statistics is commonly divided into two branches called descriptive statistics and summary statistics.

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Definitions:

Social Value

The importance or benefit that something provides to society, including social cohesion, welfare, and community wellbeing.

Earn Profits

The financial gains received by a business after all expenses have been subtracted from its total income.

Regulatory Requirements

Legal obligations or standards that organizations must comply with, set by governmental or regulatory bodies.

Sustainability

the ability to maintain healthy environmental, social, and economic systems in balance, indefinitely, on a global and local scale.