Since the value is taken from a population, the value is a parameter.
<h3>Parameter and Statistic:</h3>
- If the information is taken from a sample, it is called a statistic.
- If the information is taken from a population, it is called a parameter.
For this problem, the students of the class are the population, as all students are considered for the calculator of the mean, hence the value is a parameter.
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Answer:
Step-by-step explanation:
An international company has 25,600 employees in one country. If this represents 19.3% of the company's employees, then the total number of employees that the international company has would be 100%.
To determine the actual value for 100%,
Let x represent the total number if employees that the international company has. Therefore
19.3/100 = 25,600/x
Cross multiplying,
19.3x = 25600 × 100 = 2560000
x = 2560000/19.3 = 132642.49
The total number of employees is approximately 132643
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Answer:
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Step-by-step explanation: