The General Process of Gathering, Organizing, Summarizing, Analyzing, and Interpreting

question 17

Multiple Choice

The general process of gathering, organizing, summarizing, analyzing, and interpreting data is called ____________.

• A) Statistics
• B) Descriptive statistics
• C) Inferential statistics
• D) Levels of measurement

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Definitions:

Opportunity Recognition

The ability to identify and assess potential business or growth opportunities in the market or environment.

Idea Generation

The creative process of generating new, innovative ideas for potential solutions, products, or improvements.

Formal Methods

Rigorous software and systems design methods used to model, specify, and verify the correctness of systems through mathematical techniques.

Invention

The creation of a product or introduction of a process for the first time.