Which Type of Statistical Analysis Is Used to Summarize the Sample

question 66

Multiple Choice

Which type of statistical analysis is used to summarize the sample data with measures of central tendency and dispersion?

• A) averages and trends
• B) descriptive analysis
• C) inferential analysis
• D) differences analysis
• E) relationship analysis

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Definitions:

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return.

Future Value

The amount of money an investment is expected to be worth in the future, considering interest or capital gains.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Interest

A charge for borrowed money, generally a percentage of the amount borrowed, paid by the borrower to the lender over a set period.