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descriptive statistics-quantitavely describe the main features of a collection of data. Descriptive statistics are distinguished from inferential.Statistics(or inductive statistics),in that descriptive statistics aim to summarize a data set,rather than use the data to learn about the population that the data are thought to represent.
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Definition of descriptive statistic?
A descriptive statistic describes the characteristics of a known set of data; such as mean, median, mode, range, standard deviation and so forth.
The descriptive statistic that estimates the typical distance of any score from the mean is?
standard deviation
What is measures of central tendency as it relates to quantitative descriptive statistics?
They are the mean, median and mode.
Discuss the importance of descriptive statistics in business organisations?
Discuss the importance of descriptive statistics
Is p value a descriptive statistic?
No, it is not. A descriptive statistic is a measure such as mean, standard deviation etc., computed from a set of observations. A p value is something that is obtained by computing a test statistic (using a formula which may involve mean, variance etc.,) and finding the probability of obtaining a value as great as or greater than the one actually obtained. In other words, a p value is a probability and must lie between 0 and 1 whereas a descriptive statistic is not a probability. It is just a number used to describe a specific characteristic of a set of sata.
