Probabilities Are Important Information When ________

question 58

Multiple Choice

Probabilities are important information when ________.

• A)summarizing a data set with a frequency chart
• B)applying descriptive statistics
• C)computing cumulative frequencies
• D)using inferential statistics

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Definitions:

Optimal Solution

The best possible outcome or decision that maximizes efficiency, minimizes costs, or achieves the desired goal under given constraints.

Degenerate

In mathematics and physics, it refers to a less general or simpler class of an entity or phenomenon with less symmetry or fewer distinctions.

Optimal Solution

An Optimal Solution refers to the best possible outcome or decision from a set of alternatives, often identified through processes like optimization in mathematics and computer science.

Transportation Model

A mathematical technique used for determining the optimal transportation route or method for minimizing cost and maximizing efficiency.