What Are "Inferential Statistics"?​

question 98

Multiple Choice

What are "inferential statistics"?​

• A)Mathematical summaries of results​
• B)​Sums that combine the mean, median, and mode
• C)​Estimates of the whole population, based on a sample
• D)​Predictions of the results, prior to starting the experiment

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Definitions:

Operating Expenses

The costs of running your business, including your rent, utilities, administration, marketing/advertising, employee salaries, and so on.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Short-Term Portion of Long-Term Debt

The part of a company's long-term debt that is due to be paid within the following twelve months.

5-Year Bank Loan

A financial agreement where a bank lends money to a borrower, to be repaid with interest over a period of five years.