Inferential Statistics Are Used In

question 6

Multiple Choice

Inferential statistics are used in:

• A)Inference. They are used to infer, based on the study of a sample of a population, what the entire population might think, or do.
• B)Description. They are used to describe data.
• C)Measuring central tendency.
• D)Measuring dispersion.

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Definitions:

Opportunity Recognition

The process of identifying and evaluating new possibilities for business ventures or expansion in the market.

Social Entrepreneurship

The practice of starting companies and initiatives with the aim to develop, fund, and implement solutions to social, cultural, or environmental issues.

Entrepreneurial Ventures

Initiatives or businesses started by individuals to seek, develop, and capitalize on new market opportunities, often involving innovative products or services.

Nonprofit Organizations

Entities that operate for purposes other than generating profit, often focusing on social, educational, or charitable activities.