When a researcher wants to estimate national market share based on the results of the test market for a new product in St.Louis and Kansas City,this is an example of:
A)descriptive statistics
B)the central limit theorem
C)inferential statistics
D)the standardized normal distribution

Question

Quizplus · Accepted Answer

Inferential statistics are used to make inferences or predictions about a population based on a sample. In this case, the researcher is using the results of the test market in St. Louis and Kansas City to make an inference about the national market share.

When a Researcher Wants to Estimate National Market Share Based