.7 Suppose that you own a grocery store.
a. Give an example of a question that could be answered using descriptive statistics.
b. Give an example of a question where estimating a parameter woud be helpful.
c. Give an example of a question concerning a possible relationship between two variables of interest to your groucery business.
d. Give an example of a forcasting question.
1.8 Determine if descriptive statistics or inferential statistics should be used to obtain the following information:
a. A graph that shows the number of defective bottles produced during the day shift over one week's time.
b. An estimate of the percentage of employees who arrive to work late
c. An indication of the relationship between years of employee experience and pay scale.