Question

General Mills is considering offering a new type of yogurt. To gauge interest, they are performing taste tests at different locations around the country. Based on the results of these samples, they will decide whether or not to market the new yogurt. This is an example of using ________.

Answer 1

Answer: Inferential statistics.

Explanation:

The given scenario is an example of Inferential statistics. Inferential statistics is regarded as one of the main arms of statistics. It tends to use a random data sample which is derived from a definitive population in order to describe or elaborate and make a conclusion about the population. It is a valuable concept especially when analysis of each and every member is not possible.