confirmation or refutation of economic theories on the basis of sample evidence is based on the branch of statistical theory called
A)statistical inference
B)standard deviation
C)arithmetic mean
D)regression analysis

Question

Quizplus · Accepted Answer

Statistical inference is the branch of statistical theory that deals with making predictions or decisions about a population based on sample data. It is used for the confirmation or refutation of economic theories by analyzing sample evidence to draw conclusions about the larger population.

Confirmation or Refutation of Economic Theories on the Basis of Sample