A new sales person is paid a commission on each sale.This person made $2,000 in commission his first month on the job.From this he concludes that he will make $24,000 during his first year.This is an example of _______.
A)inferential statistics
B)nominal data
C)descriptive statistics
D)deferential statistics
E)nonparametric statistics

Question

Quizplus · Accepted Answer

This is an example of inferential statistics because the salesperson is using data from one month to make a prediction (or inference) about his earnings for the entire year. Inferential statistics involve making predictions or inferences about a population based on a sample of data.

A New Sales Person Is Paid a Commission on Each