The Difference Between Inferential and Predictive Statistics Is That

question 19

Multiple Choice

The difference between inferential and predictive statistics is that

• A) inferential extrapolates, whereas predictive does not
• B) predictive extrapolates, whereas inferential does not
• C) inferential assumes that a sample has been measured, whereas predictive makes no such assumption
• D) there is no difference between them

---

Definitions:

Bottleneck Operation

Process step that limits the overall output of an operation or system due to its lower capacity.

Avoidable Fixed Production Cost

Costs that can be eliminated if a particular product or segment is discontinued, without affecting other operations.

Split-off Point

The stage in a process manufacturing at which various products become separately identifiable and can be handled as distinct items.

Joint Process

A production process in which two or more products are generated simultaneously from the same raw materials or input.