Which of the Following Statements Involve Descriptive Statistics as Opposed

question 34

Multiple Choice

Which of the following statements involve descriptive statistics as opposed to inferential statistics?

• A) The Alcohol,Tobacco and Firearms Department reported that Houston had 1,791 registered gun dealers in 1997.
• B) Based on a survey of 400 magazine readers,the magazine reports that 45% of its readers prefer double column articles.
• C) The FAA samples 500 traffic controllers in order to estimate the percent retiring due to job stress related illness.
• D) Based on a sample of 300 professional tennis players,a tennis magazine reported that 25% of the parents of all professional tennis players did not play tennis.
• E) The admission's office in a southern university samples 200 college students in business in order to estimate the percentage of business majors who prefer accounting to economics.

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Definitions:

Recorded

The process of formally documenting transactions and events in the financial records of an entity.

Functional Currency

The currency of the primary economic environment in which an entity operates, used in its financial reporting.

Reporting Entity

An entity for which there are users who rely on its financial statements for information about its economic activities.

Financing

The act of providing funds for business activities, making purchases, or investing, including methods such as loans, equity investment, and other mechanisms of raising capital.