Distributions which are not obtained by actual observations but are reduced mathematically under certain definite hypothesis or assumptions are called

In statistical analysis, the burden of proof lies traditionally with

Business system consists

From the following statements choose the correct statements.
Statement I A statistic is a characteristic of a population.
Statement II The standard error of mean is the standard deviation of the sampling distribution.
Statement III The standard error of mean decreases in direct proportion to sample size.

. . . . . . . . processing is designed to process more than one type of transactions to bring out the specific business results in one or more business functions.