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Consider the selling prices($) of the 800 bicycles sold at Bike World during June.

Twenty of the bike sales are selected and the selling prices are noted. The average selling price of this sample is $355.

(a) Describe the population under consideration and the population size?

(b) Describe the sample and the sample size?

(d) If a frequency histogram of the 20 selling prices is drawn and the histogram is analyzed, is this an example of descriptive statistics or inferential statistics? Explain.

(e) If $355 is used to estimate the average selling price of all 800 bikes, is this an example of descriptive statistics or inferential statistics? Explain.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9982583

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