Jan Is Summarizing Numerical Data by Finding the Mean,median,and Mode

question 76

Multiple Choice

Jan is summarizing numerical data by finding the mean,median,and mode for this set of data. She is most likely using __________ statistics.

• A) descriptive
• B) ordinal
• C) inferential
• D) nominal

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Definitions:

First Quarter

Typically refers to the first three months of a financial year, used as a reporting period by businesses and other organizations.

Operating Cycle

The duration between a company's purchase of inventory and the receipt of cash from accounts receivable, reflecting the efficiency of a company's cash flow.

Inventory

refers to the goods and materials a business holds for the ultimate goal of resale or production.

Credit Card

A payment card issued to users as a method of payment allowing the cardholder to borrow funds, typically at point of sale, under the condition of paying back the borrowed money plus interest.