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

---

Definitions:

Product-Development

The creation process that takes a product from concept to market availability.

R&D Spending

Expenditures dedicated to research and development activities, aimed at developing new products, services, or processes or improving existing ones.

Revenue Growth

The increase in a company's sales and income over time.

Collective Bargaining

The process by which workers, through their unions, negotiate contracts with their employers to determine their terms of employment.