What Are Inferential Statistics

question 97

Multiple Choice

What are inferential statistics

• A) data used to organize and summarize data 
• B) numerical indexes of the degree of relationship between two variables 
• C) calculations used to interpret data and draw conclusions 
• D) indicators of the variability of a population under study

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Definitions:

Net 30 Credit Policy

A payment term that allows the buyer 30 days to pay the invoice in full from the invoice date.

Monthly Interest Rate

The percentage of interest charged or earned on a principal amount on a monthly basis.

Variable Cost

A cost that changes in proportion to changes in the level of output or activity.

Accounts Receivable Balance

The accounts receivable balance represents the total amount of money owed to a company by its customers for goods or services rendered but not yet paid for.