Which of the Following Statements Best Describes Predictive Value

question 124

Multiple Choice

Which of the following statements best describes predictive value?

• A)Helps capital providers make decisions about future actions.
• B)Provides all information necessary for a reliable decision.
• C)Enables users to identify similarities and differences.
• D)Enables users to comprehend the meaning of the information.

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Definitions:

Population Size

The total number of individuals or units in the population being studied.

Population Parameter

A numerical value that describes a characteristic of an entire population.

Sample Statistic

A sample characteristic, such as a sample mean x, a sample standard deviation s, a sample proportion p, and so on. The value of the sample statistic is used to estimate the value of the corresponding population parameter.

Simple Random Sample

A segment of a statistical population where every individual in the segment is equally likely to be selected.