The Main Purpose of Descriptive Statistics Is to

question 29

Multiple Choice

The main purpose of descriptive statistics is to

• A)summarize data in a useful and informative manner.
• B)make inferences about a population.
• C)determine if the data adequately represent the population.
• D)gather or collect data.

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Definitions:

Experiment

A method used to prove or disprove the validity of an idea or hypothesis.

Feasibility Study

A planning tool that allows entrepreneurs to test the possibilities of an initial idea to see if it is worth pursuing.

Pitch Deck

A concise presentation used by entrepreneurs to provide investors with a quick overview of their business plan and vision.

Sketches

Preliminary drawings or outlines created to visualize ideas, concepts, or designs, commonly used in the planning phases of projects.