Determine whether the statement describes a descriptive or inferential statistic.
The average price of a house in the new subdivision is $300,000.
Answer :-
Consider given statement
The average price of a house in the new subdivision is $ 300000
Mathematically we denote it as X- (xbar) = $300000
xbar is also called sample average, and average concept come under descriptive statistics
Hence , The above statement describes is a descriptive statistic.
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