Descriptive Statistics Are Used to ______________

question 40

Multiple Choice

Descriptive statistics are used to ______________.

• A) summarize data from a sample
• B) decide if two sample groups are different from each other
• C) decide if two variables are related to each other
• D) determine if an experimental design has high reliability

Recognize the importance of study design in gathering data for statistical analysis.

Understand how statistical findings can be used to make inferences about a broader population.

Understand the concept and characteristics of social businesses and social entrepreneurship.

Recognize the models and theories related to organizational change and improvement in the context of social entrepreneurship.

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Definitions:

Probability of Default

An estimate of the likelihood that a borrower will be unable to meet debt obligations as specified in the terms of the loan, typically expressed as a percentage.

Indebtedness

The state of owing money or being obliged to repay a monetary loan.

One-Time Customer

A consumer who purchases goods or services from a business only once.

Variable Cost

Costs that vary directly with the level of production or with the volume of services provided.