Which Type of Statistics Are Used to Summarize Large Amounts

question 138

Multiple Choice

Which type of statistics are used to summarize large amounts of data so that they become more meaningful and easier to communicate to others?

• A) descriptive
• B) inferential
• C) nominal
• D) ordinal

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Definitions:

Cross-Selling

The practice of selling additional products or services to an existing customer.

Analytical CRM

A type of Customer Relationship Management that focuses on analyzing customer data to make informed business decisions.

OLAP

Online Analytical Processing, a category of software tools that provides analysis of data stored in a database, enabling users to conduct multidimensional analysis of large volumes of data.

Sales Lead Tracking

involves the methods and systems used by organizations to track the identification, engagement, and development of potential sales prospects through various stages of the sales process.