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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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I personally think the purpose of accounting is to measure overall how a business is performing throughout the fiscal year. What this means exactly is that through accounting, we can measure what kind...

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I would start off with a “Dropshipping” business. This is a type of satisfaction model where an outsider provider stores and ships stock to clients for your benefit. One simply needs to make the deals...

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Week 6 Identifying and Interpreting Descriptive Statistics

Week 6 Identifying and Interpreting Descriptive Statistics

Q Examine the survey results downloadable from the link below. Choose one of the items, determine the descriptive statistic that is reported, and indicate what it means. For example, “What is the highest level of education of this group?” (Please do not repeat the same topic as your classmates.)

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1. Yes 61% 2. No 39% Descriptive statistics describe the sample by outlining the characteristics of the dataset. Therefore, descriptive statistics help summarize the data in a meaningful way to facilitate the identification of crucial patterns. However, it is impossible to draw useful conclusions or make inferences about the population using descriptive statistics (Cooksey, 2020). In other words, it is impossible to infer about the study population beyond the data provided or obtained.