The Branch of Statistics That Uses Sample Information to Make

question 49

Short Answer

The branch of statistics that uses sample information to make conclusions about a population is called _________________ statistics.

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Definitions:

Greater Percentage

A proportion or share expressed as a fraction of 100 that is larger relative to a comparison figure or within a total.

Gross Investment

Total amount spent on new capital assets without deductions for depreciation.

Rose/Fell

Terms used to indicate an increase (rose) or a decrease (fell) in a numerical value or metric.

GDP

GDP measures the aggregate value of all goods and services made within the confines of a nation over a specified period.