A Cancer Research Group Was Interested in Determining the Percentage

question 156

Multiple Choice

A cancer research group was interested in determining the percentage of women 40 years or older that have regularly scheduled mammograms.To accomplish this, they surveyed 500 women in this age group and based on the 155 women that responded affirmatively, estimated the percentage of all women in this age group that have regularly scheduled mammograms.This process is an example of _________.

• A)nonparametric statistics
• B)nominal data
• C)descriptive statistics
• D)inferential statistics
• E)census

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Definitions:

Demand Curve

A visual chart that shows how the quantity of a product demanded by buyers varies with its price.

Producer Surplus

The variance between the acceptable selling price for producers of a good or service and the real earnings they secure.

New Producers

Fresh entrants in a market that introduce additional capacity, innovation, or competition.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied for a given period.