The Methods of Parametric Statistics Require ________________

question 80

Multiple Choice

The methods of parametric statistics require ________________.

• A)interval or ratio data
• B)nominal or ordinal data
• C)large samples
• D)small samples
• E)qualitative data

---

Definitions:

Variable Expenses

Expenses that change in proportion to the activity of a business.

Fixed Costs

Operating expenses that stay constant regardless of changes in the level of output or sales volume, like leases and salaries.

Asset Investment

The use of funds to purchase property, securities, or other assets to generate returns or achieve strategic goals.

Operating Assets

Assets used in the day-to-day operations of a business to generate revenue, excluding investment and idle assets.