Statistics Are to Parameters As________

question 9

Multiple Choice

Statistics are to parameters as________.

• A) samples are to populations.
• B) populations are to samples.
• C) medians are to standard deviations.
• D) percentages are to proportions.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values from the mean.

Benchmarking

The process of comparing key points within your business with comparable points in another external entity.

External Entity

An organization, group, or individual that exists outside of the company and interacts with the business through transactions, partnerships, or other forms of engagement.

Total Quality Management

A methodology that emphasizes the importance of organizational culture in achieving long-term success through customer satisfaction and continuous improvement.