In a Sample of 400 Students in a University, 80

question 61

Multiple Choice

In a sample of 400 students in a university, 80 or 20% are Business majors. Based on the above information, the school's paper reported that "20% of all the students at the university are Business majors." This report is an example of

• A) a sample.
• B) a population.
• C) statistical inference.
• D) descriptive statistics.

---

Definitions:

Causality

The relationship between cause and effect, where one event (the cause) leads to the occurrence of another event (the effect).

Econometrics

The application of statistical methods to economic data to give empirical content to economic relationships.

Empirical Economics

An approach to economics that relies on real-world data and statistical analysis to validate or disprove theories and models.

Normative Statement

An assertion that expresses a judgment about what ought to be, based on values or opinions rather than facts.