One Use of Statistics Is to Organize and Summarize Data

question 21

Multiple Choice

One use of statistics is to organize and summarize data. Which statistics are used for this purpose?

• A)descriptive statistics
• B)inferential statistics
• C)normal statistics
• D)correlational statistics

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Definitions:

Balanced Scorecards

A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.

Markets

Places or systems in which goods, services, and financial instruments are traded between individuals, businesses, or entities.

Products

Goods or services offered by a business or manufacturer, created to fulfill the needs and desires of consumers.

Objectives

Targets or goals that an individual, group, or organization aims to achieve.