The collection and summarisation of the socioeconomic and physical characteristics of the employees of a particular firm is an example of
A) a parameter.
B) inferential statistics.
C) descriptive statistics.
D) a statistic.

Question

Quizplus · Accepted Answer

Descriptive statistics involves collecting and summarizing data in order to describe or summarize the characteristics of a group or population. This example fits this definition, as it involves collecting and summarizing information about the employees of a specific firm. Parameters and statistics refer to specific values that can be calculated from the data, while inferential statistics involve making inferences or predictions about a larger population based on a smaller sample.

The Collection and Summarisation of the Socioeconomic and Physical Characteristics