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Business Statistics Fundamentals Quiz

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Questions and Answers

Which of the following is NOT a key element of statistics?

Presentation (correct)

Interpretation

Analysis

Collection

What is the purpose of business statistics?

To collect data about the marketplace

To determine whether a business will flourish or vanish

To analyze economic and financial environment

To make decisions in the business (correct)

What are the two branches of statistics?

Collection statistics and analysis statistics

Marketplace statistics and financial statistics

Descriptive statistics and inferential statistics (correct)

Interpretation statistics and presentation statistics

Business Statistics Fundamentals Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following is NOT a key element of statistics?

What is the purpose of business statistics?

What are the two branches of statistics?

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