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Why Is It Valuable to Use Statistics When You Have

question 10

Essay

Why is it valuable to use statistics when you have collected answers to hundreds of questionnaires from a group of people who fit your target audience profile?
What is the first step after you have collected all the data?


Definitions:

Donated

Items or assets that are given without any expectation of payment or benefit in return.

Endowment Fund

Financial assets donated to institutions or organizations with the stipulation that the funds are to be invested and the principal remains intact.

Restricted Fund

Denotes funds that are earmarked for a specific purpose by donors or grantors, limiting their use to certain activities or projects.

Investment Income

The money that an individual or entity earns from various investments, such as dividends, interest, or rental income.

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