Statistical inference to estimate a population parameterstat


Kit Kat candy bar executives' ability to make the following statement, "Our most likely estimate of Kit Kat's ad recall rate is 65%. In addition, we are 95% confident that Kit Kat's ad recall rate in the population falls between 62% and 68%," illustrates ___________.

an example of basic descriptive statistics

an example of using statistical inference to estimate a population parameter based upon sample statistics

an example of using statistical inference to estimate a statistic based upon a population parameter

an example of hypothesis testing

Both a and b

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Business Management: Statistical inference to estimate a population parameterstat
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