As a Result of Technology, Many Small Businesses Today

question 46

Multiple Choice

As a result of technology, many small businesses today:

• A)Are located closer to their bank
• B)Are located further from their bank
• C)Have more face-to-face interactions with their banker
• D)No longer need banks

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Definitions:

Statistical Methodology

The collection of methods and practices used in collecting, analyzing, interpreting, and presenting data in statistical research.

Descriptive Statistics

Statistical methods that summarize and organize the characteristics of a data set, including measures such as mean, median, and standard deviation.

Population

A complete set of elements (people, objects, transactions, etc.) that share at least one common characteristic.

AVERAGE(range)

A function used in spreadsheet software to calculate the arithmetic mean of a range of cells.