Descriptive Statistics

question 370

Multiple Choice

Descriptive statistics:

• A) organize and summarize research data.
• B) allow determination of statistical significance.
• C) allow researchers to draw inferences about their results.
• D) show how likely it is that a study's results occurred merely by chance.

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Definitions:

Asset Accounts

Accounts on a balance sheet that represent the resources owned by a company, which have value and can provide future benefits.

Common Stock

Equity ownership in a corporation, entitling holders to vote at shareholder meetings and to receive dividends.

T-account

A visual representation used in accounting to depict the debit and credit sides of an account.

Debits

Financial transactions representing increases in assets or expenses or decreases in liabilities, equity, and income.