As Part of an Economics Class Project, Students Were Asked

question 9

Multiple Choice

As part of an economics class project, students were asked to randomly select 500 New York Stock Exchange (NYSE) stocks from the Wall Street Journal. As part of the project, students were asked
To summarize the current prices (also referred to as the closing price of the stock for a particular
Trading date) of the collected stocks using graphical and numerical techniques. Would this be an
Application of descriptive or inferential statistics?

• A)Inferential statistics
• B)Descriptive statistics

---

Definitions:

Job Evaluations

A systematic process to determine the relative worth of jobs within an organization, often used to establish fair compensation.

Superior

Refers to something that is above average in quality or performance; often used to describe a higher rank or excellence.

Inferior

Describing something of lower quality, value, or importance in comparison to another.

Selective Perception

The process by which individuals perceive what they want to in media messages while ignoring opposing viewpoints.