Solved: Difference between descriptive and inferential statistics, Accounting Basics

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Difference between descriptive and inferential statistics

Question 1. What is the main difference between descriptive and inferential statistics. Give a brief example of each.

Question 2. Under what circumstances is the mean the best measure of central tendency? When is the median the best measure? Give some examples of applications to back up your thoughts.

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Accounting Basics: Difference between descriptive and inferential statistics

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Accounting Basics: Difference between descriptive and inferential statistics

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