The Primary Purpose of Inferential Statistics Is to Make a Judgment

question 22

True/False

The primary purpose of inferential statistics is to make a judgment about the population, or the collection of all elements about which one seeks information.

---

Definitions:

Firms in the Industry

Businesses or companies that produce goods or provide services within a specific sector of the economy.

Output

The quantity of goods or services produced by a firm, industry, or economic system.

Under-reward Inequity

A situation in which an individual perceives that the rewards received are less than the rewards deserved for their efforts, leading to dissatisfaction.

Instrumentality

The belief that performance is directly linked to the attainment of desired outcomes or rewards.