You Are the Owner of a Camping Site and Want

question 4

Multiple Choice

You are the owner of a camping site and want to estimate the average age of your customers.For this purpose,you select a representative sample of your clients and offer them a discount good for their next visit as compensation for filling out a short questionnaire that includes relevant age intervals.The average age of your customers is:

• A) a measurement
• B) data
• C) a statistic
• D) a parameter
• E) a census

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Definitions:

State Law

The body of law enacted by individual states in the United States, as opposed to federal law which is enacted by the federal government.

Disposition

The act of disposing, selling, or transferring property or assets, often as part of a legal settlement or estate management.

Inter Vivos Trust

A trust created and implemented during the lifetime of the grantor to manage or protect assets.

Mental Capacity

The legal ability of a person to make decisions or enter into a contract, which requires understanding and appreciating the implications of one's actions.