Determine whether the given value is a statistic or a parameter In a study of al

Question

Determine whether the given value is a statistic or a parameter In a study of all 1061 employees at a college, it is found that 40% own a television. Choose the correct statement below. Statistic because the value is a numerical measurement describing a characteristic of a sample Parameter because the value is a numerical measurement describing a characteristic of a sample. Statistic because the value is a numerical measurement describing a characteristic of a population. Parameter because the value is a numerical measurement describing a characteristic of a population.

Explanation / Answer

Correct option is:

4th option:

Parameter because the value is a numerical measurement describing a characteristic of population.

REASON:

A parameter is a measure that describes the entire population.

A statistic describes a sample of the population.

Here, the entire 1061 employees at a college is the population.

40% own a television is a characteristic, called parameter, of population.

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