Identify Each of the Following as a Use of Descriptive

question 40

Essay

Identify each of the following as a use of descriptive statistics or inferential statistics.
a.Finding the weights of a sample of 85 manufacturer parts.
b.Calculating the average weight of 125 boxes shipped by FedEx.
c.Estimating the percentage of the U.S.population that will vote for your favorite candidate in the next presidential election.
d.Selecting a random sample of 190 babies born last year and using this information to estimate the birth weight of all babies born last year.
e.Randomly selecting 225 cans of a brand of peas and using their average weight to decide whether the 15 oz.label on the cans is truthful or not.

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Definitions:

Indifference Curves

Graphical representations in consumer theory that show combinations of two goods among which a consumer is indifferent.

Downward Sloping

A term often used to describe a graph line indicating a decrease in one variable as another variable increases, such as price and demand.

Indifference Curves

Graphical representations that show combinations of two goods between which a consumer is indifferent.

Perfect Substitutes

Goods or services that can be used in exactly the same way and are interchangeable in consumption without affecting consumer satisfaction.