Identify Whether the Statement Describes Inferential Statistics or Descriptive Statistics

question 12

Multiple Choice

Identify whether the statement describes inferential statistics or descriptive statistics.
-Based on previous clients, a marriage counselor concludes that the majority of marriages that begin with cohabitation before marriage will result in divorce.

• A)inferential statistics
• B)descriptive statistics

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Definitions:

TC

Typically refers to "Total Cost," which is the complete cost of production including both fixed and variable costs.

Average Fixed Costs

The fixed costs of production (such as rent and salaries) divided by the quantity of output produced.

Average Total Costs

The overall expense of creating goods divided by the number of items produced.

Output

The quantity of goods or services produced by a firm, industry, or economy within a specified period.