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

Question

Quizplus · Accepted Answer

The estimation of a population parameter (average family expenditure on food) based on a sample statistic (average expenditure of 1,000 families) is an example of inferential statistics, which involves making inferences about a population based on a sample. Descriptive statistics, on the other hand, are used to summarize and describe characteristics of a sample or population.

The Estimation of the Population Average Family Expenditure on Food