Author Question: The process of analyzing sample data in order to draw conclusions about the characteristics of a ... (Read 123 times)

james0929 · **on:** Jun 24, 2018

The process of analyzing sample data in order to draw conclusions about the characteristics of a population is called
a. descriptive statistics.
b. statistical inference.
c. data analysis.
d. data summarization.

Question 2

Given two decision makers, one risk neutral and the other a risk avoider, the risk avoider will always give a lower utility value for a given outcome.
a. True
b. False
Indicate whether the statement is true or false