Describe the difference between descriptive and inferential statistics, writes about a time when you used descriptive statistics
Fantastic news! We've Found the answer you've been seeking!
Question:
Describe the difference between descriptive and inferential statistics, writes about a time when you used descriptive statistics to make a decision in your life. Insurance companies charge young male drivers much higher rates until they reach 25 years of age. Discuss your understanding of why it should or should not be the case.
Expert Answer:
Answer rating: 100% (QA)
Difference between Descriptive and Inferential Statistics Statistics is the science of data by communicating uncertainty Davidian Louis 2012 Statistics plays a significant role in the study to gather ... View the full answer
Posted Date:
Students also viewed these finance questions
-
Evaluating debt burden. Ted Phillips has a monthly take-home pay of $1,685; he makes payments of $410 a month on his outstanding consumer credit (excluding the mortgage on his home). How would you...
-
What is the difference between descriptive and inferential statistics?
-
Explain the difference between descriptive and inferential statistics.
-
EFG Manufacturing, a private company, produces light bulbs. It has 100 employees. 15 of their employees have asked for short breaks during the workday for religious purposes. They have also asked for...
-
Henderson Inc. issued a $652,000, 14% 10-year bond on October 1, 2014, for cash of $697,701. Interest is to be paid quarterly. The annual market rate of interest is 12.75%. Assume a year-end of...
-
The City of Southern Pines maintains its books so as to prepare fund accounting statements and records worksheet adjustments in order to prepare government-wide statements. As such, the Citys...
-
Dee Hock recommends that managers spend what percentage of their time managing the employees for whom they have direct responsibility? A. 0%. B. 50%. C. 75%. D. 100%.
-
A +8.75-C point charge is glued down on a horizontal frictionless table. It is tied to a -6.50-C point charge by a light, non conducting 2.50-cm wire. A uniform electric field of magnitude 1.85 X 108...
-
Define and describe campus environment assessment ? What are examples of the campus environment that can be assessed on a college campus ? What is the purpose of assessing campus environments ? How...
-
What organizational capabilities are required to support the launch of "Command Products"?
-
Write Huffman code for following symbols E F 9 5 Symbol A Frequency 45 12 D 13 16
-
1. Describe the difference between stand-alone risk and portfolio risk. 2. Explain financial options and how they are applied in corporate finance. 3. What are the components of Cost of Capital and...
-
How do organizations implement effective change management strategies to navigate the inherent challenges of project scope creep, scope changes, and stakeholder resistance during project execution?
-
Write a program to print below pattern? 1 23 456 78910
-
Solve the following: Derivatives and anti-derivatives d dx d -In(x): = dx d -arctan(x)= dx d dx d -sin(x) = cos(x) -cos(x)=-sin(x) -tan(x) = sec(x) -sec(x)=sec(x) tan(x) -cot(x)=-csc(x)...
-
What are the critical success factors in stakeholder engagement and communication management, particularly in large-scale, multi-stakeholder projects with diverse interests and objectives ?
-
INTL FC Stone, NY has perpetual requirement for a semiconductor to be used in the manufacturing of a gadget which is required to be imported from Sunflower Limited, Taiwan. Each purchase order takes...
-
Cable Corporation is 60% owned by Anna and 40% owned by Jim, who are unrelated. It has noncash assets, which it sells to an unrelated purchaser for $100,000 in cash and $900,000 in installment...
-
Part 1: Calculating Short-Term Measurements The following annual information is available for Lakewood Industries, an investment center: a. Calculate ROI (return on investment). Base your...
-
Four years ago, based on a pre-tax NPV analysis, Harper Inc. decided to add new equipment with a cost of \(\$ 85,000\), allowing the company to expand its product offerings. The data used in the...
-
For each of the following performance measures, indicate (a) whether the measure is an internal performance measure or an external performance measure and (b) whether the measure primarily relates to...
Study smarter with the SolutionInn App