Examlex

Solved

A Statistician Wants to Determine the Total Annual Medical Costs

question 20

Essay

A statistician wants to determine the total annual medical costs incurred by all U.S.states from 1981 to 2001 as a result of health problems related to smoking.She polls each of the 50 states annually to obtain health care expenditures,in dollars,on smoking-related illnesses.Does this study constitute a survey or a census.Explain.


Definitions:

Leading Economic Indicators

Statistical data that precede economic trends and are used to predict future economic activity.

Business Cycle

The fluctuations in economic activity that an economy experiences over time, marked by periods of expansion and contraction.

Business Cycle

The fluctuations in economic activity over time, characterized by periods of expansion (growth) and contraction (recession) in the economy.

Business Activity

The aggregate economic actions carried out by companies, including production, sales, and services, influencing the overall economic health.

Related Questions