Which of the Following Is Not an Example of Descriptive

question 65

Multiple Choice

Which of the following is not an example of descriptive statistics?

• A)a histogram depicting the age distribution for 30 randomly selected students
• B)an estimate of the number of Alaska residents who have visited Canada
• C)a table summarizing the data collected in a sample of new-car buyers
• D)the proportion of mailed-out questionnaires that were returned

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping to the right, reflecting the inverse relationship between price and quantity demanded.

Market Price

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Firm's Willingness

The inclination or readiness of a business to take certain actions, such as producing a certain quantity of goods or setting a certain price, based on economic motivations.

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.