00:01
So in this question, we need to be able to understand what descriptive statistics are.
00:06
And we also need to understand the difference between qualitative and quantitative data.
00:10
We know that our descriptive statistics are just stats that describe or summarize characteristics in a population or sample.
00:18
And we know that these can include things like the mean, the standard deviation, or frequency.
00:24
We also know that qualitative data is data that is categorical and based on people's opinions and experiences.
00:30
We also know that our quantitative data is data that focuses on just numbers, simple numerical data.
00:40
We were told in this question that a survey of 430 business travelers found that 155 of them use a travel agent to make their travel arrangements.
00:51
In part a, they're asking us to develop a descriptive statistic that can be used to estimate the percentage of all business travelers that user travel agent to make their travel arrangements.
01:02
So, since we know that in our sample, we had 155 of them that did use travel agent, and that there were 430 overall.
01:13
What we can do is that we can just make this into a percentage, which gives us about 36%...