Inferential Statistics Are Used to ____

question 59

Multiple Choice

Inferential statistics are used to ____.

• A) summarize the characteristics of the participants in a study
• B) directly observe people's behavior over time
• C) make concrete assumptions about the sample
• D) make inferences about the population from which the sample was drawn

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Definitions:

Monetary Policy

The actions undertaken by a central bank, such as the Federal Reserve, to control the money supply and influence the economy's overall level of activity, inflation, and interest rates.

Fiscal Policy

Government adjustments to its spending levels and tax rates to influence a nation's economy.

Recession

A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.

TARP Bailout

The Troubled Asset Relief Program, a U.S. government program created in 2008 to purchase toxic assets and inject capital into banks to stabilize the financial system.