Descriptive Statistics Is Best Defined As

question 13

Multiple Choice

Descriptive statistics is best defined as:

• A) techniques and methods used to analyze a small, specific set of data so as to draw a conclusion about a large, more general collection of data.
• B) graphical and numerical methods used to describe, organize, and summarize a statistically valid conclusion.
• C) graphical and numerical methods used to describe, organize, and summarize data.
• D) techniques and methods used to analyze a small data set so as to describe its usefulness in making general statements about a population.

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Definitions:

Triangle Arbitrage

A riskless profit strategy that takes advantage of discrepancies between three foreign currencies in the forex market.

Spot Market

A market where financial instruments or commodities are traded for immediate delivery, as opposed to future or forward delivery.

Forward Market

A market in which participants agree to trade a financial instrument or physical commodity for future delivery at a specified price.

Absolute Purchasing Power Parity

A theory stating that identical goods and services in different countries should cost the same when priced in a common currency.