Exhibit 1-1 In a Recent Study Based Upon an Inspection of 200

question 16

Multiple Choice

Exhibit 1-1
In a recent study based upon an inspection of 200 homes in Daisy City, 80 were found to violate one or more city codes.
-Refer to Exhibit 1-1. The city manager released a statement that 40% of Daisy City's 2,000 homes are in violation of city codes. The manager's statement is an example of

• A)a census
• B)an experiment
• C)descriptive statistics
• D)statistical inference

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Definitions:

Outlays

Expenses incurred or amount spent for a particular purpose.

Federal Government Budget Surplus

Occurs when a government's income exceeds its spending during a fiscal year.

Aggregate Demand

The aggregate need for products and services throughout an economy, specified at a consistent price level and during a certain time.

National Saving

The total saving in an economy, consisting of both private savings by households and businesses, and public savings by the government.