Which of the Following Is the Definition of "Descriptive Statistics

question 289

Multiple Choice

Which of the following is the definition of "descriptive statistics"?

• A)Statistical procedures that allow researchers to draw inferences about how statistically meaningful a study's results are.
• B)Statistical procedures that organize and summarize research data.
• C)Averages that are calculated by adding up a set of quantities and multiplying the sum by the total number of quantities in the set.
• D)Statistical tests that assess how likely it is that a study's results occurred merely by chance.

---

Definitions:

Insurance Expense

This refers to the costs incurred by a business or individual as a result of purchasing insurance to protect against risks.

Unexpired Insurance

The portion of an insurance premium that has not yet expired or been used and is considered a prepaid expense.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life.

Equipment

Tangible property or assets, excluding real estate and vehicles, used in the operation of a business to produce goods or services.