The estimation of the population's average family expenditure on food based on the sample average expenditure of 1,000 families is an example of
A) inferential statistics.
B) descriptive statistics.
C) a parameter.
D) a statistic.

Question

Quizplus · Accepted Answer

Inferential statistics involves drawing conclusions or making predictions about a population based on a sample of data. This scenario involves using the sample average expenditure to estimate the population average expenditure, which is an example of inferential statistics.

The Estimation of the Population's Average Family Expenditure on Food