A Random Sample of 100 Students Is Taken at LearnAll

question 19

Multiple Choice

A random sample of 100 students is taken at LearnAll University and it's found that their average GPA is 3.1.If this information is used to help estimate the average GPA for all students at LearnAll University,which branch of statistics was applied?

• A)Descriptive statistics
• B)Inferential statistics
• C)Sample statistics
• D)Population statistics

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Definitions:

RRSP

Registered Retirement Savings Plan, a Canadian investment vehicle that allows for tax-deferred savings towards retirement.

Contributions

Money that individuals or entities provide towards a common pool or fund, often for purposes like retirement savings plans or investment funds.

Ordinary Annuity

Equivalent monetary exchanges concluded after each sequential era over a predetermined course.

Compounded Monthly

A method of calculating interest where the accumulated interest is added to the principal sum each month.