Question

Bill Thompson, Chief Financial Officer of Garden Tools, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 1999." Five percent of the payroll vouchers contained material errors. This is an example of __________.

A. nonparametric statistics
B. nominal data
C. descriptive statistics
D. inferential statistics

Answer 1

The correct answer is letter "C": descriptive statistics.

Step-by-step explanation:

Descriptive Statistics is a term used for meaningful analysis of data. This usually means arranging or summing up vast volumes of data so that it can be understood more easily. Descriptive statistics do not necessarily serve to come to a conclusion or to support an inference. But they explain the data in a meaningful way. You may use descriptive statistics for a whole population or a sample.