What Are Statistical Packages

question 23

Multiple Choice

What are statistical packages?

• A)They are easy-to-use computer programs that analyze data.
• B)They are syndicated research services that do qualitative research.
• C)They are procedures used to be sure that a sample is representative.
• D)They are product packages that make it possible to collect data at checkout counters.
• E)They are research plans that specify what information will be obtained and how.

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Definitions:

Economic Scenarios

Hypothetical projections used to analyze the potential impacts of different economic conditions on businesses or investments.

Expected Returns

The profit or loss an investor anticipates on an investment that has various known or predictable rates of return.

Standard Deviation

A statistical measure of the dispersion or variability in a set of data points, often used in finance to quantify the volatility of an investment.

Return

The increase or decrease in value of an investment during a set period, represented as a percentage of the investment's starting price.