Measurements from a Sample Are Called

question 60

Multiple Choice

Measurements from a sample are called:

• A)statistics.
• B)inferences.
• C)parameters.
• D)variables.

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Definitions:

Data Collection

The methodical process of collecting and analyzing data from different sources to obtain a comprehensive and precise understanding of a topic of interest.

Data Mining

The process of analyzing large data sets to discover patterns, trends, and valuable information that can inform decision-making.

Loyalty Card

A card issued by a retailer to a customer, used to record credit points awarded for money spent in the store, incentivizing repeat business.

Customer Purchase Information

Data related to the buying habits, preferences, and demographics of consumers.