Which of the Following Statements About Those People Designated by Demographics

question 144

Multiple Choice

Which of the following statements about those people designated by demographics as millennials is true?

• A)Millennials controls 50 percent of all consumer spending.
• B)Millennials are technologically savvy and prosperous young people.
• C)Millennials members spend less than any other demographic group.
• D)The typical millennial member is at the stage in life where he or she has made a career choice and has started his or her family.
• E)None of the above statements about millennials is true.

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Definitions:

Statistics Practitioner

An individual who applies their knowledge of statistics to analyze data and help in decision-making processes in various fields such as medicine, business, environmental science, and more.

Statistic

A numerical value that describes a characteristic of a sample.

Parameter

A measurable characteristic that defines or constrains an operation or calculation in mathematical or statistical modeling.

Parameter

A value that summarizes a characteristic of a population or a model, such as its mean or variance.