The Effectiveness of a Table Is Determined by Its Ability

question 68

Multiple Choice

The effectiveness of a table is determined by its ability to

• A) include every possible piece of information available.
• B) catch the reader's attention with its design and sophistication.
• C) create a powerful visual metaphor.
• D) summarize a large amount of information in a short amount of space.
• E) clarify difficult financial information or calculations.

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Definitions:

Error of Estimation

The discrepancy between a population parameter and its estimate, indicating the uncertainty associated with the estimation process.

Statistic

A single measure, calculated from sample data, used to summarize a characteristic of the sample.

Parameter

A characteristic or measure that can define or summarize a particular aspect of a statistical population or model.

Estimation

The process of finding an approximate value of some parameter—such as a mean or proportion—of a population, based on random sample data.