As part of an economics class project, students were asked to randomly select 500 New York Stock Exchange (NYSE) stocks from the Wall Street Journal. As part of the project, students were asked to summarize the current prices (also referred to as the closing price of the stock for a particular trading date) of the collected stocks using graphical and numerical techniques. Would this be an application of descriptive or inferential statistics?
A) Inferential statistics
B) Descriptive statistics

Question

Quizplus · Accepted Answer

This is an application of descriptive statistics because it involves summarizing and presenting data about the current prices of the selected stocks without making predictions or inferences about a larger population.

As Part of an Economics Class Project, Students Were Asked