A major portion of ________ is concerned with the problem of estimating population parameters or testing hypothesis about such parameters.
A) descriptive statistics
B) population statistics
C) inferential statistics
D) business statistics

Question

Quizplus · Accepted Answer

Inferential statistics involves using sample data to draw conclusions about a larger population. This often involves estimating population parameters, such as the mean or proportion, and testing hypotheses about them. Descriptive statistics, on the other hand, simply summarize and describe the characteristics of a sample or population. Population statistics refer to data about an entire population, rather than just a sample. Business statistics is a broad term that encompasses various statistical methods and techniques used in business settings.

A Major Portion of ________ Is Concerned with the Problem