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An insurance agent earns a commission on each policy sold. This person made Rs.3,000in commissions during one month and concludes that annual compensation will be Rs. 36,000. This is an example of:

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Question:

An insurance agent earns a commission on each policy sold. This person made Rs.3,000in commissions during one month and concludes that annual compensation will be Rs. 36,000. This is an example of:

A.

descriptive statistics

B.

inferential statistics

C.

secondary data

D.

nominal data

Answer» b. inferential statistics

Note: The above multiple-choice question is for all general and Competitive Exams in India.