Read the following write up and asnwer the questions. Mary loves baking; she started selling home-baked cake online. She conducted a consumer market research for the marketability of home-baked cake. She received information provided by 150 respondents. The findings on the level of acceptance for home-baked cake: 75% responded “highly favorable” and only 6% responded “not favorable”. The result also revealed that 92 respondents said they would purchase her home-baked cake. c. What could be the conclusion regarding the estimated marketability (in %) of home-baked cake in the population? d. Is this an example of descriptive statistics or inferential statistics? Explain.

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