You are an auditor of a firm and the firm earns a profit of 67,000 you stated to them that the annual profit is 67,000. This is type of statistics.

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Option a: Descriptive. Solution: Statistics can be broadly categorized into descriptive statistics and inferential statistics. Descriptive statistics involves methods for organizing, summarizing, and presenting data in an informative way, such as calculating the mean or reporting actual facts like profits. If an auditor examines a firm's records, finds that the firm has earned a profit of 67,000, and states that the annual profit is 67,000, the auditor is simply describing the actual observed financial performance of the firm. There is no estimation, prediction, or hypothesis testing about a larger population. Therefore, this is descriptive statistics. Hence, Option A is the correct answer.

You are an auditor of a firm and the firm earns a profit of $\displaystyle 67,000$ you stated to them that the annual profit is $\displaystyle 67,000$ . This is _ type of statistics.

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You are an auditor of a firm and the firm earns a profit of 67,000\displaystyle 67,00067,000 you stated to them that the annual profit is 67,000\displaystyle 67,00067,000. This is _ type of statistics.