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

Question

Quizplus · Accepted Answer

The collection and summarization of the socioeconomic and physical characteristics of the employees of a particular firm is an example of descriptive statistics as it involves describing and summarizing the data. Inferential statistics involves making inferences or predictions about a larger population based on a sample. A parameter is a numerical value that describes a population, while a statistic is a numerical value that describes a sample.

The Collection and Summarization of the Socioeconomic and Physical Characteristics