An Extensible Markup Language Designed Specifically for Financial Reporting Is

question 86

Multiple Choice

An extensible markup language designed specifically for financial reporting is:

• A)Internet DI
• B)XML
• C)XBRL
• D)XFRL

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Definitions:

Normal Approximation

A method used to estimate the shape of a binomial distribution using a normal distribution when the sample size is large.

Sign Test

A non-parametric test used to determine if there is a statistically significant difference between paired or matched samples by examining the signs of differences without assuming any particular distribution.

Obstacle Courses

Physical or metaphorical challenges composed of multiple obstacles that require agility, strength, and strategic thinking to navigate or overcome.

Nonparametric Tests

Statistical tests that do not assume the data being analyzed follows a particular distribution, often used when data doesn't meet the assumptions of parametric tests.