A Statistics Instructor Collects Background Information on the Students

question 104

Multiple Choice

A statistics instructor collects background information on the students.About 30% of the students have taken economics and about 40% have taken accounting.There are 23 male students and 27 female students in this class.This is an example of ___.

• A)nonparametric statistics
• B)nominal data
• C)descriptive statistics
• D)inferential statistics
• E)census

---

Definitions:

Capital Base

The amount of capital invested in a business by its owners plus any retained earnings, serving as the financial foundation for growth and operations.

Independent Contractor

A person who is not employed by a business and, unlike employees, is not eligible for a benefit package.

Customer Intimacy

Maintaining a long-term relationship with customers through superior service that results in a competitive advantage.

Market Analysis

The study of market conditions to identify opportunities, trends, and challenges, often involving competitors, customer demographics, and economic environments.