Those Methods Involving the Collection, Presentation, and Characterization of a Set

question 119

Multiple Choice

Those methods involving the collection, presentation, and characterization of a set of data in order to properly describe the various features of that set of data are called

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

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Definitions:

Miles

A unit of distance measuring 5280 feet or approximately 1.609 kilometers.

Inferior Good

A type of good whose demand decreases as the income of consumers increases, opposite to normal goods.

Normal Good

A type of good for which demand increases when income increases, and falls when income decreases, but price remains constant.

Income Range

The spectrum of income levels, from the lowest to the highest, that exists within a given population or among a specific group of individuals.