What is meant by the term statistical inference?
What will be an ideal response?
A statistical inference is a conclusion reached about a population value (parameter) based upon an analysis of data in a statistical sample from the population. The idea is that we can study the sample data and then draw a conclusion (inference) about what the entire population looks like with respect to the measure of interest. There are two main categories of statistical inference: estimation and hypothesis testing.
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If an LLC wants to reinvest the profits rather than distribute them to members, may prefer to be taxed as a ____________.
Fill in the blank(s) with the appropriate word(s).
Divorcees, often called second-chancers, usually have lower household incomes and are between the ages of 40 and 59
Indicate whether the statement is true or false