Which of the Following Is Not the Goal of Descriptive

question 23

Multiple Choice

Which of the following is not the goal of descriptive statistics?

• A) Summarizing data
• B) Displaying aspects of the collected data
• C) Reporting numerical findings
• D) Estimating characteristics of the population

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Definitions:

Resources

Assets, materials, and inputs used to produce goods and services, including natural resources, human resources, and capital.

Opportunity Cost

The cost of choosing one option over another, representing the value of the foregone alternative.

Marginal Cost

The financial outlay involved in producing an additional unit of a product or service.

Resources

The total means available for economic and political development, such as minerals, labor, and capital.