Ryan owns a small music store. He currently charges $10 for each CD. At this price, he sells about 80 CDs a week. Experience has taught him
that a $1 increase in the price of a CD means a drop of about five CDs
per
week in sales. At what price should Ryan sell his CDs to maximize
his revenue?

Identify the statement below as either descriptive or inferential statistics. upper a certain website sold an average of 117 books per day last week. is the statement an example of descriptive or inferential statistics? a. it is an example of descriptive statistics because it uses a sample to make a claim about a population. b. it is an example of inferential statistics because it uses a sample to make a claim about a population. c. it is an example of inferential statistics because it summarizes the information in a sample. d. it is an example of descriptive statistics because it summarizes the information in a sample.