In Each of the Following Statements,determine Whether the Branch of Statistics

question 35

Essay

In each of the following statements,determine whether the branch of statistics is best classified as descriptive statistics or inferential statistics.The average of a data set is equal to 35.7.The minimum value of a data set is 78,and the maximum value is 146.Because the average age in a sample is 23,it is likely that the average age in the population is about 23.Because the values in the sample are so widely dispersed,the spread of the population must be high.

Apply mathematical and graphical methods to analyze consumer behavior under different pricing and income scenarios.

Evaluate the effects of price changes on consumer demand and utility.

Examine the relationship between income changes, consumption choices, and utility levels.

Analyze scenarios involving taxes on goods and the resultant changes in consumer demand and welfare.

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Definitions:

Sociological Theories

Systems of ideas that attempt to explain how societies operate, change, and develop over time.

Biological Theories

Theories that use biological factors to explain human behavior, development, or traits.

Homosexuality

A romantic or sexual preference for members of one's own gender.

Predominantly Heterosexual

A term describing individuals whose sexual orientation is mainly towards the opposite sex, though there may be exceptions.