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1 year ago

We use statistics when making decisions, rather than parameters, because ________________.

Business

1 answer:

natka813 [3]1 year ago

4 0

Statistics are used in place of parameters for making decisions since they are simpler to collect.

<h3>What are the guidelines?</h3>

In general, a parameter is any feature that aids in describing or categorizing a certain system. In other words, a parameter is a component of a system that is crucial or useful for identifying the system or assessing its functionality, status, or other characteristics.

To describe the entire population under study, a parameter is utilized. For instance, we are interested in learning the typical length of a butterfly. This information about the total butterfly population makes it a parameter.

Three different parameter kinds,

Value Specifiers.
Parameters of Reference.
output variables

To learn more about parameters, refer to:

brainly.com/question/13794992

#SPJ4

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Furkat [3]

The correct answer to this open question is the following.

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3 years ago

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2 years ago

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What happens if you lose the money you invested in your stock?

saveliy_v [14]

If that happen, other investors that bet for the opposite cause of your investment would be the one that gained that money, and you will still able to keep that stocks to collect dividend as long as you don't sell it.
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3 years ago

Yeast is used in bread baking; it has a rapid doubling time of approximately 90 minutes. (note: use the concepts of half-life or

dlinn [17]

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vladimir2022 [97]

Answer:

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3 years ago