The Estimation of the Population Average Family Expenditure on Food

question 25

Multiple Choice

The estimation of the population average family expenditure on food based on the sample average expenditure of 1,000 families is an example of

• A)inferential statistics.
• B)descriptive statistics.
• C)DCOVA framework.
• D)operational definition.

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Definitions:

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is often a portable device such as a smartphone, to establish communication by bringing them within a few centimeters of each other.

Information About Products

Detailed descriptions and specifications concerning goods or services offered by a business, including features, prices, and uses.

CRM Efforts

CRM efforts refer to strategies and practices undertaken by companies to manage and analyze customer interactions and data throughout the customer lifecycle, aiming to improve customer relationships, assist in customer retention, and drive sales growth.

High-Value

Denoting something that possesses considerable worth or importance, often financially or strategically.