A recent report stated Based on a sample of 160 truck drivers, ...

[evelyn o bentley]

A recent report stated Based on a sample of 160 truck drivers, there is evidence to indicate that,
  on average, independent truck drivers earn more than company-hired truck drivers.
 
  Does this
  statement describe descriptive or inferential statistics?
  A) Descriptive statistics B) Inferential statistics

Question 2

The ___________________ ______ represents the lower limit of how much you should pay to gather a sample to acquire additional information about the alternatives.
 
  A) expected value with sample information
  B) expected value without sample information
  C) expected value of sample information
  D) expected value of perfect information

[izzat]

Answer to Question 1

B

Answer to Question 2

C