Which of the Following Is That Branch of Statistics That

question 41

Multiple Choice

Which of the following is that branch of statistics that deals with the selection and use of sample data to produce information about the larger population from which the sample was selected:

• A)inferential statistics
• B)descriptive statistics
• C)statistical inference
• D)report generation
• E)none of the above

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Definitions:

Economic Benefits

The advantageous gains obtained from resources or actions, including income, profits, or intangible assets like brand reputation.

Fair Value

The expected price for unloading an asset or the charge for relocating a liability in an orderly market transaction at the reckoning time.

Identifiable Assets

Identifiable assets are company assets that can be separated from the entity, sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract.

Fair Value

The value likely to be obtained from disposing of an asset or the expense incurred in transferring a liability, within a structured exchange involving market entities at the time of assessment.