The Process of Using Sample Statistics to Draw Conclusions About

question 137

Multiple Choice

The process of using sample statistics to draw conclusions about true population parameters is called

• A) the scientific method.
• B) descriptive statistics.
• C) statistical inference.
• D) sampling.

---

Definitions:

Private Sector Cost

The expense associated with goods, services, or activities delivered by businesses not owned or operated by the government.

Tax Compliance

The act of following and meeting all statutory responsibilities in tax reporting, payment, and documentation by individuals or entities.

Excess Burden

The cost to society created by market inefficiency, often associated with government intervention or taxation that distorts market equilibrium.

Personal Income Tax

A tax levied on individuals or households based on their total earned income from various sources.