The Process of Using Sample Statistics to Draw Conclusions About

question 30

Multiple Choice

The process of using sample statistics to draw conclusions about population parameters is called:

• A)finding the significance level.
• B)calculating descriptive statistics.
• C)doing inferential statistics.
• D)calculating the confidence level.

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Definitions:

Demand

The desire coupled with the purchasing power for specific goods or services in a given economic marketplace.

Income

Money received on a regular basis from work, investments, business, etc., used to fund a person’s living expenses.

Video Tapes

An outdated magnetic tape storage format for recording analog audio and analog video signals, typically used for consumer video recording.

Garbage

Waste material that is discarded by humans, typically due to its inability to be used again or lack of perceived value.