If You Use Information About a Sample to Draw a Conclusion

question 44

Multiple Choice

If you use information about a sample to draw a conclusion about a population,you are doing:

• A)Inferential parameters
• B)Descriptive statistics
• C)Inferential statistics
• D)The wrong kind of statistics

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Definitions:

Total Fertility Rate

The typical amount of children a woman is expected to have throughout her life, based on present fertility rates.

Replacement Rate

The ratio of a retiree's pension benefit to their earning before retirement, often used to measure the adequacy of retirement income.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Market Rate

The prevailing price or interest rate in the market for goods, services, or securities.