The Table Below Shows the Average Income by Age Group

question 83

Multiple Choice

The table below shows the average income by age group for the residents of one town in the year 1998. The average incomes for each age group are estimates based on a sample of size 100 from
Each group. $$\begin{array} { c c } \hline \text { Age group } & \text { Average income } \\\hline 18 - 24 & \$ 17,180 \\25 - 39 & \$ 26,661 \\40 - 54 & \$ 32,471 \\55 - 70 & \$ 25,960 \\\text { Over 70 } & \$ 18,241 \\\hline\end{array}$$ Classify the study as either descriptive or inferential.

• A)Descriptive
• B)Inferential

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Definitions:

Auxiliary Petty Cash Record

A detailed log used to track the small transactions handled through a petty cash fund, aiding in the reconciliation and management of petty cash.

Petty Cash Voucher

A document used to record small cash payments, detailing the purpose of the payment, the amount, and the person who received the funds.

Dehydration

A condition resulting from excessive loss of body water, impairing normal bodily functions.

Diarrhea

A condition characterized by the frequent passage of loose or watery stools.