Questions: Determine whether the statement describes a descriptive or inferential statistic. The average price of a car at the new car dealership in town is 28,800.

Determine whether the statement describes a descriptive or inferential statistic. The average price of a car at the new car dealership in town is 28,800.
Transcript text: Determine whether the statement describes a descriptive or inferential statistic. The average price of a car at the new car dealership in town is $\$ 28,800$.
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Solution

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The answer is: Descriptive Statistic

Explanation: A descriptive statistic is used to summarize or describe the characteristics of a data set. In this case, the statement "The average price of a car at the new car dealership in town is $28,800" is providing a summary measure (the average price) of the cars at that specific dealership. It does not make any predictions or inferences about a larger population beyond the cars at that dealership.

On the other hand, an inferential statistic would involve making predictions or generalizations about a population based on a sample of data. Since the statement does not attempt to infer anything beyond the given data set, it is classified as a descriptive statistic.

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