Table 20-3 -Refer to Table 20-3.Suppose That the Data in the Table

question 55

Multiple Choice

Table 20-3

-Refer to Table 20-3.Suppose that the data in the table above reflect the price levels in the economy.Given that data,we can say that the cost of living rose by ________ between 2010 and 2011?

• A) 2%
• B) 5%
• C) 8%
• D) 11%
• E) 13%

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Definitions:

Inferential Statistics

The branch of statistics focused on drawing conclusions about a population based on a sample from that population.

Average GPA

The mean grade point average calculated by dividing the sum of all individual GPAs by the number of individuals.

Statistic

A numerical value calculated from a sample, used to estimate characteristics of the population from which the sample is drawn.

Sample

A subset of individuals or objects taken from a larger population, used in statistical analysis to estimate characteristics of the whole population.