Determine Which Branch of Statistics Was Used to Make the Following

question 78

Multiple Choice

Determine which branch of statistics was used to make the following statement. In 2025, the world population is predicted to be 8 billion people.

• A) inferential statistics
• B) descriptive statistics
• C) differential statistics
• D) time series statistics

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Definitions:

Fair Debt Collection Practices Act

A US federal law aimed at preventing abusive, deceptive, and unfair practices by debt collectors when collecting debts.

Open-end Credit

A pre-approved loan between a financial institution and borrower that can be used repeatedly up to a certain limit and can be repaid prior to payments coming due.

Unpaid Balances

Amounts owed that have not been paid by the due date.

Unsolicited Merchandise

Goods sent to a person without their request, often with the implication that payment is expected if the goods are used or not returned.