A market researcher is interested in determining the average income for families in York Region, Ontario. To accomplish this, he takes a random sample of 200 families from the region and uses the data gathered to estimate the average income for families of the entire region. This process is an example of _______.
A) descriptive statistics
B) inferential statistics
C) mutually exclusive statistics
D) qualitative
E) parametric methods

Question

Quizplus · Accepted Answer

This is an example of inferential statistics because the researcher is using a sample to make an inference about the entire population.

A Market Researcher Is Interested in Determining the Average Income