Understanding types of statisticsWhich of the following types of statistics is used by a business analyst to find the average age of their clientele? Descriptive statistics Inferential statistics

What are descriptive statistics?

Question Type : Multiple Choice QuestionMarks For Correct Answer: 3      Negative Mark: 1Question No. 12Directions for questions 10 to 13: Select the best answer for each of the following questions based on the information given in the texts.Statistics is concerned with scientific methods for collecting, organising, summarising, presenting and analysing data. It also includes drawing valid conclusions out of these on the basis of such analysis. In a narrower sense, the term is used to denote the data themselves or numbers derived from the data as, for example, averages. Thus, we speak of employment statistics, accident statistics, etc.Which one can be inferred from this paragraph?Statistics has nothing to do with the population of a country.The acts of collecting, organising and analysing data, and drawing conclusions are interdependent.A single age, height or sale does not constitute statistics.Statistics should be handled in a pre-determined manner.

The manager of a chain of jazz clubs wanted to determine the demographics of patrons visiting the clubs. Three clubs were selected for study. Descriptive statistics relating to the age of patrons are presented below. Club Mean Age (years) Standard Deviation A2912.3 B586.4 C433.7 Which one of the following statements isfalse

Statistics has various applications in a business. Mention a scenario where you think statistics can be applied in business analytics.

Numerical and pictorial information about variables are calledanalytical statisticsdescriptive statisticsinferential statistics