Some Limitations to Statistical Analysis Include

question 12

Multiple Choice

Some limitations to statistical analysis include:

• A)assumptions for use may be violated.
• B)one may obtain a type I or type II error.
• C)required knowledge and use of statistical computer packages.
• D)All of these are correct.

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Definitions:

Gross National Product

The total value of goods produced and services provided by a country during one year, including the net income from foreign investments.

National Income

The total amount of money earned within a country from the production of goods and services in a given time period.

Corporate Profits Taxes

Taxes levied on the earnings after expenses and deductions of corporations, similar to corporate income tax but emphasizing the taxation on net profits.

Ronald McDonald's House

Programs providing a home away from home for families so they can stay close by their hospitalized child at little to no cost.