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Chapter 1: Q 1.11. (page 7)

In Exercises 1.7-1.12, classify each of the studies as either descriptive or inferential. Explain your answers.

Dow Jones Industrial Averages. From the Stock Performance Guide, published online by Istockl on the website 1Stock1.com, we found the closing values of the Dow Jones Industrial Averages as of the end of December for the years 2004 through 2013.

Short Answer

Expert verified

The given study is descriptive.

Step by step solution

01

Step 1. Given information.

The given statement is:

From the Stock Performance Guide, published online by Istockl on the website 1Stock1.com, the closing values of the Dow Jones Industrial Averages as of the end of December for the years 2004 through 2013 are shown in the given table.

02

Step 2. Classify the given study as either descriptive or inferential.

The given table in the question shows the closing values of the Dow Jones Industrial Averages as of the end of December for the years 2004 through 2013.

The given information about the closing values is in a summarized form.

Therefore, the given study is descriptive.

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