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egoroff_w [7]
2 years ago
9

Determine whether the statement describes a descriptive or inferential statistic. a recent poll of 2707 home owners in michigan

showed that the average price of a house in the u.s. is $265,000.
Business
1 answer:
jolli1 [7]2 years ago
4 0

The average price of a house in the u.s. is $265,000. this statement describes an Inferential Statistic.

Statistical inference is the technique of using information analysis to infer houses of an underlying distribution of possibility. Inferential statistical evaluation infers homes of a population, for instance by trying out hypotheses and deriving estimates.

Inferential facts are regularly used to evaluate the differences between the remedy businesses. Inferential facts use measurements from the pattern of topics within the test to evaluate the treatment organizations and make generalizations approximately the bigger population of subjects. inferential statistics are used to decide if there's a good-sized distinction between the method of businesses and the way they're associated. T-tests are used while the facts sets comply with a regular distribution and have unknown variances, just like the records set recorded from flipping a coin one hundred instances.

Learn more about Inferential statistics here:-brainly.com/question/14048601

#SPJ4

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When a perfectly competitive industry is not in the long-run equilibrium, all firms in the industry A. earn negative economic pr
Alex787 [66]

Answer:

The correct answer is the option C: earn positive economic profits.

Explanation:

In microeconomics, all the companies in a perfectly competitive industry at the short-run might <em>earn positive economic profits due to the fact that at short-term many companies might leave</em> the industry in the case that they do not earn normal profits and that <em>causes that the companies that stay will earn positive economic profit</em>. In addition to that, at the long-run more companies will enter the industry and therefore all the firms might earn zero economic profit that is equal to normal economic profit.  

7 0
3 years ago
By default, the hyperlink will display the text in the hyperlink itself, such as the web URL.
Anvisha [2.4K]

We can see that by default, the hyperlink will display the text in the hyperlink itself, such as the web URL. This behaviour be modified in the following way: Display Alt Text.

<h3>What is hyperlink?</h3>

A hyperlink is actually known to be a link that makes reference to a data that a user can follow. Users can click or tap on the links and be guided. Hyperlink can actually point to a whole document or some specific element in the document.

It will be worthy to note that hypertext is usually text that has hyperlink.

We see that Display Alt Text will be the way that the stated behaviour can be modified.

Learn more about hyperlink on brainly.com/question/17373938

#SPJ1

4 0
1 year ago
If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual growth is 2 percent
Varvara68 [4.7K]
Y = original value • growth ^(time/period of growth)

30000000000000 = 15000000000000 • (1+0.02)^(x/1)

Divide both sides by 15 trillion

2 = (1.02)^(x)

take logarithm of both sides

log2 = log1.02^x

Bring x down using log law

log2 = xlog1.02

Divide both sides by log1.02

x = 35

35 years

8 0
2 years ago
The number of days' sales in inventory is calculated as __________ divided by __________.
Irina18 [472]
A. Average inventory; average daily cost of goods sold
8 0
3 years ago
Read 2 more answers
Historically, the ________ risk an investor is willing to accept, the ________ the potential return for the investment.
iVinArrow [24]

Answer:

The correct option is (A)  more, greater

Explanation:

According to the risk return trade off, the risk is increased with the return that means if the returns are increased the risk is also increased and vice versa

So as per the given scenario, if there is more risk that investor wants to accept so the return should be more for the investment. This represents the direct relationship between the risk and return of the investment

hence, the correct option is (A)  more, greater

3 0
3 years ago
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