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Question
multiple choice question
what is descriptive statistics?
methods of organizing, summarizing, and presenting data in an informative way.
methods used to estimate a population parameter based on a sample.
methods used to build a forecasting model to predict sales.
Descriptive statistics focuses on organizing, summarizing, and presenting raw data to make it understandable and informative. The other options refer to inferential statistics (estimating population parameters from samples) and predictive analytics (forecasting models), which are distinct concepts.
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Methods of organizing, summarizing, and presenting data in an informative way.