$274 randomly selected 50-year-old Americans were asked how much money they had saved for their retirement the average for these respondents was $65,540 the minimum was $7,5005 and the maximum was $900,000 is this descriptive or inferential statistics
$274 randomly selected 50-year-old Americans were asked how much money they had saved for their retirement the average for these respondents was $65,540 the minimum was $7,5005 and the maximum was $900,000 is this descriptive or
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$274 randomly selected 50-year-old Americans were asked how much money they had saved for their retirement the average for these respondents was $65,540 the minimum was $7,5005 and the maximum was $900,000
Descriptive statistics can be either a representation of the entire population or a sample of a population
Inferential statistics use measurements from the sample of subjects in the experiment to compare the treatment groups and make generalizations about the larger population of subject
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