Two Thousand People Are Surveyed and Asked to Indicate, Using

question 9

Multiple Choice

Two thousand people are surveyed and asked to indicate, using a scale of 1 to 5, their preference for a particular brand of liquid dishwashing detergent.The responses are summarized using a bar graph that displays the total counts of each response (1 to 5) .The graph is used to predict the consumer response to a new detergent product.This is an example of:

• A) inferential statistics.
• B) simple random sampling.
• C) pictorial statistics.
• D) descriptive statistics.

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Definitions:

Net Income

Company's earnings following the deduction of all expenses and taxes from total revenue.

Capital Intensity Ratio

A financial metric that estimates the amount of investment in capital assets a company needs relative to its labor force to generate revenue.

Maximum Capacity

The highest level of output that a company can sustain to produce in a given period under normal conditions.

Proportional

Proportional refers to a relationship or distribution where quantities maintain the same relative size or ratio to each other, often applied in financial contexts like taxation or distribution of profits.