In a survey of 3000 high school students, 21 of those surveyed read at least one best-seller each month. Give an example of a descriptive statement and an inferential statement that could be made based on this information.
What will be an ideal response?
Question 2
As part of an economics class project, students were asked to randomly select 500 New York Stock Exchange (NYSE) stocks from the Wall Street Journal. As part of the project, students were asked to summarize the current prices (also referred to as the closing price of the stock for a particular trading date) of the collected stocks using graphical and numerical techniques. Would this be an application of descriptive or inferential statistics?
A) Descriptive statistics B) Inferential statistics
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