Asked by Jessica Nichole on May 30, 2024

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Descriptive statistics refers to the process of drawing conclusions about unknown characteristics of a population based on sample data.

Descriptive Statistics

Statistical methods that summarize or describe the basic features of a dataset, including measures like mean, median, and standard deviation.

Population

In statistics, Population refers to the entire set of individuals or items of interest in a study, from which samples may be drawn.

Sample Data

A subset of a population or universe that is selected for analysis, aiming to estimate or make inferences about the entire population.

  • Recognize the application of statistical methods in business for data presentation and population estimation.
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Michael Gabriel Dela RosaMay 31, 2024
Final Answer :
False
Explanation :
Descriptive statistics involves summarizing and organizing data so it can be easily understood, and typically deals with the description of the data itself, rather than making inferences or predictions about a larger population.