The process of using sample data to make guesses about an entire population is called Statistical inference
<h3>What is
Statistical inference?</h3>
Statistical inference is the process of employing data analysis to deduce attributes of a probability distribution. Inferential statistical analysis deduces population attributes, for example, by testing hypotheses and generating estimates.
Inferential statistics aids in the development of explanations for a condition or phenomenon. It allows you to draw conclusions based on extrapolations, which distinguishes it from descriptive statistics, which simply summarize the data that has been measured.
Inferential statistics seeks to find some property or general pattern about a big group of individuals by examining a smaller group of people in the expectation that the results will generalize to the larger group.
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popes had lots of power since all the people back then before were all believen in gods of some sort
It means to thank and see how it is sopost to go and not right away
Answer:
E) marginal; marginal
Explanation:
The diamond-water paradox is also known as the "paradox of value".
In this paradox it is argued that water which is an essential thing for human survival and is so important to human, is offered no value in the market. Whereas diamond which is just a precious stone and is not an essential thing in human's life is valued so much and has great value in the market than water.
So the diamond-water paradox provides the solution that those things having high values in usage have low prices in the market because they are consumed at low marginal utility. And those things which have low value in usage sometimes have high prices in the market because they are consumed at high marginal utility.
Hence he answer is
E) marginal; marginal