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Descriptive Statistics Allow a Decision Maker to Reach a Conclusion

question 127

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Descriptive statistics allow a decision maker to reach a conclusion about a populations based on a subset from the population.


Definitions:

Acquiescence

The act of agreeing or consenting without protest, often with little enthusiasm or conviction.

Homeostasis

The ability of a living organism to maintain stable internal conditions despite changes in external environments.

Equilibrium

A state of balance or stability in which competing forces or influences are equal or in the correct proportions.

Stability

The quality of being consistent, steady, and unchanging over time, often used in psychological assessments of personality or mood.

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