Provide an Appropriate Response Classify the Study as Either Descriptive or Inferential

question 19

Multiple Choice

Provide an appropriate response.
-Based on a random sample of 1000 people, a researcher obtained the following estimates of the percentage of people lacking health insurance in one U.S. city. $$\begin{array} { l c } \hline \text { Age } & \text { Percentage not covered } \\\hline 18 - 24 & 28.2 \\25 - 39 & 24.9 \\40 - 54 & 19.1 \\55 - 65 & 16.5 \\\hline\end{array}$$ Classify the study as either descriptive or inferential.

• A)Descriptive
• B)Inferential

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Definitions:

Cost of the Hedge

The total expenses associated with establishing and maintaining a hedge, including transaction fees and the difference in interest costs.

Forward Contract

A personalized agreement where two parties agree to buy or sell an asset at an agreed-upon price at a later date.

Derivative Instrument

A derivative instrument is a financial contract whose value is dependent on the performance of underlying assets, indexes, or rates.

Hedged Item

An asset, liability, firm commitment, or highly probable forecast transaction identified by an entity to manage risks through a hedging relationship.