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

Question

Quizplus · Accepted Answer

Descriptive statistics involves the collection, organization, and summarization of data, which includes the socioeconomic and physical characteristics of employees in this example. A statistic is a numerical summary of a sample, while a parameter is a numerical summary of a population. Inferential statistics involves making inferences or predictions about a population based on a sample. None of these apply to the given example as it only involves the collection and summarization of data.

The Collection and Summarization of the Socioeconomic and Physical Characteristics